FX.co ★ Malaysia’s Industrial Output Growth Cools to 3.1% in February, Easing From January Surge

Malaysia’s industrial production growth slowed sharply in February 2026, rising 3.1% year-on-year compared with a robust 5.9% expansion in January, according to data updated on 9 April 2026.

Both figures are measured on a year-over-year basis, comparing each month’s output to the same period a year earlier. The February reading suggests that while Malaysia’s industrial sector remains in expansion territory, momentum has eased notably following the stronger start to the year.

The deceleration could signal a moderation in external or domestic demand after January’s strong performance, and will likely be watched closely by policymakers and investors assessing the durability of Malaysia’s industrial recovery trend in early 2026.