FX.co ★ Malaysia Industrial Output Rises to 3-Month High

Industrial production in Malaysia experienced a 3.2% increase year-on-year in March 2025, recovering from a previous low point of 1.5% in February. This represents the most robust growth in industrial activity since December 2024. The increase was driven by a rebound in mining and quarrying output, which grew by 1.9% after a decline of 8.9% in February. The decline in electricity output also moderated, decreasing by 2.7% compared to a 2.8% drop previously. Conversely, the manufacturing sector saw a slowdown, with output growing by 4% compared to 4.8% in February. This deceleration was mainly due to reduced production in sectors such as vegetable and animal oils and fats (10.6%), plastic products (4.1%), and clothing excluding fur apparel (3.2%). On a seasonally adjusted monthly basis, industrial production rose by 1.7% in March 2025, bouncing back from a 0.3% decline observed in February.