FX.co ★ Malaysia Industrial Output Growth at 4-Month Low

In November 2025, Malaysia's industrial production experienced a year-on-year growth of 4.3%, falling short of the anticipated 5.3% increase and decelerating from the 6% growth witnessed in October. This represents the most modest expansion since July, largely attributable to a slowdown in the mining sector's output. Mining grew by 2.3%, compared to the 5.8% growth in October, with notable reductions in the extraction of crude oils and condensates (4.3% down from 8.8%) and natural gas (1% down from 3.9%). Concurrently, manufacturing output also witnessed a slowdown, growing by 4.9% against the previous month's 6.5%. This was due to a contraction in the production of petroleum, chemical, rubber, and plastic products, which declined by 1.8% from a smaller 0.3% reduction earlier, and a lesser increase in the manufacturing of wood products, furniture, paper products, and printing, which rose 2.9% compared to 4.9% previously. On the other hand, electricity production showed an accelerated growth of 2.7%, up from 1.8% in the prior month. Seasonally adjusted figures reveal that industrial activity contracted by 1.3% from October to November, reversing a revised 0.7% gain from the previous period.