FX.co ★ Malaysia Industrial Output Growth Eases

In April 2025, Malaysia's industrial production grew by 2.7% compared to the same period the previous year, marking a deceleration from the three-month peak of 3.2% observed in March. This slowdown is largely attributed to the decline in mining and quarrying activities, which fell by 6.3% following a 1.9% rise in March. Meanwhile, this was mitigated by stronger growth in the manufacturing sector, which increased by 5.6% compared to 4.0% in March, and a reduced decline in electricity production, which tapered to -1.6% from -2.7%. The surge in manufacturing was notably fueled by higher outputs in several key industries: food, beverages, and tobacco at 11.6% from 7.7%, electrical and electronics at 9.9% from 8.1%, and non-metallic mineral, basic metal, and fabricated metal products at 5.1% from 4.3%. On a seasonally adjusted monthly basis, industrial production decreased by 0.2% in April 2025, turning around from a 1.7% rise in March.