FX.co ★ Malaysia Industrial Output Growth at Over 3-Year High

In October 2025, Malaysia experienced a robust 6% year-on-year growth in industrial production, surpassing both market expectations of a 5.2% increase and the previous month's growth rate of 5.7%. This represents the most substantial uptick in industrial activity since September 2022. The surge was primarily driven by a significant increase in manufacturing output, which rose to a fourteen-month peak of 6.5%, up from 5% the previous month. Key sectors within manufacturing that contributed significantly included computer, electronics, and optical products, which surged by 14.2% compared to 8.8% previously; vegetable and animal oils and fats, which increased by 12.9% from 7.4%; machinery and equipment, which rose by 11.3% from 9.6%; and furniture, which grew by 9.7% from 8%. Conversely, growth in the mining sector decelerated, with the sub-index falling to 5.8% compared to 10.2% earlier. This slower growth was reflected in the reduced output of crude oils and condensates, which grew by 8.8% down from 13%, and natural gas, which slowed to 3.9% from 8.5%. Additionally, electricity output slowed slightly, moderating to 1.2% compared to 1.6% in September. On a seasonally adjusted basis, industrial activity saw a 0.6% increase from the previous month, recovering from a 0.9% decline in the preceding period.