Financial News: Malaysia GDP Growth Accelerates

Malaysia GDP Growth Accelerates

07/17/2026 - 04:08:00 (RTTNews)

(RTTNews) - Malaysia's economic growth accelerated in the second quarter on robust manufacturing and mining output despite tensions in the Middle East, official data revealed Friday.

Gross domestic product registered an annual growth of 5.8 percent in the second quarter, faster than the 5.4 percent rise in the preceding period, according to advance estimates from the Department of Statistics.

The stronger growth was underpinned by expansion in the services, manufacturing, mining and quarrying and construction sectors.

The service sector expanded 5.4 percent driven by the wholesale and retail trade. Manufacturing output growth strengthened to 7.5 percent from 5.9 percent.

Likewise, mining and quarrying output rebounded 10.2 percent and construction output climbed 6.6 percent. By contrast, the farm sector reported a 3.7 percent fall. On a quarterly basis, GDP grew 1.7 percent, rebounding from a fall of 4.4 percent in the first quarter. The statistical office is set to release revised data for the second quarter on August 14.

In the first half of the year, the economy expanded 5.6 percent compared to 4.5 percent in the same period last year. Another data from the statistical office showed that consumer price inflation slowed marginally to 1.9 percent in June on easing growth in transport cost growth. On a monthly basis, consumer prices remained flat compared to a 0.1 percent rise in May. Earlier this month, Bank Negara Malaysia had maintained its key interest rate at 2.75 percent for the sixth straight meeting.

The bank observed that developments surrounding the Middle East conflict would exert upward pressure on inflation but the impact will remain contained.

The bank projected the economy to grow firmly in the range of 4 percent to 5 percent this year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Services PMI Improves To 52.5 - S&P Global (34 min(s), 23 sec(s) ago)
(RTTNews) - The services sector in Japan continued to expand in August, and at a faster pace, the ...Full Story»

Hong Kong Private Sector Slips Into Contraction - S&P Global (30 min(s), 23 sec(s) ago)
(RTTNews) - The private sector in Hong Kong fell into contraction in August, the latest survey fro ...Full Story»

Singapore Private Sector Accelerates In August - S&P Global (27 min(s), 23 sec(s) ago)
(RTTNews) - The private sector in Singapore continued to expand in August, and at a slightly faste ...Full Story»

Australia Services PMI Ebbs In August - S&P Global (41 min(s), 23 sec(s) ago)
(RTTNews) - The services sector in Australia continued to expand in August, albeit at a slower pac ...Full Story»

New Zealand Q2 Terms Of Trade Tumbles 9.0% (21 min(s), 23 sec(s) ago)
(RTTNews) - New Zealand's terms of trade dropped a seasonally adjusted 9.0 percent on quarter ...Full Story»

Australia Trade Data Due On Thursday (34 min(s), 23 sec(s) ago)
(RTTNews) - Australia will on Thursday release July figures for imports, exports and trade balance ...Full Story»

U.S. Crude Oil Inventories Tumble Much More Than Expected (13 min(s), 23 sec(s) ago)
(RTTNews) - The Energy Information Administration released a report on Wednesday showing U.S. crud ...Full Story»

U.S. Factory Orders Rebound More Than Expected In July (08 min(s), 23 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured goods rebounded by more than expected in the month of ...Full Story»