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(UPDATED) Malaysia's Economy Grows 6pct in Q2, Beats Advance Estimate
Strong export growth, steady household spending and sustained investment offset risks from the Middle East conflict, while agriculture contracted 3.7%, officials said.
- On Friday, Malaysia's economy expanded 6% in the second quarter, surpassing the 5.8% official advance estimate as stronger export growth and steady household spending offset Middle East conflict risks.
- Robust export growth, steady household spending and sustained investments cushioned the Southeast Asian economy, with tech investment and artificial intelligence infrastructure contributing to firm external sector performance.
- Manufacturing rose 7.3% and mining grew 9.2%, while credit, debit card and e-money spending surged 17.1% with aggregate wages increasing 5.5%, reflecting strong consumer activity.
- BNM Governor Abdul Rasheed Ghaffour said 2026 growth was likely around 5%, the upper end of the central bank's 4 to 5% forecast, while maintaining the benchmark rate at 2.75% for the sixth consecutive meeting.
- Headline inflation is projected to average 1.5% to 2.5% in 2026, with external cost pressures expected to remain contained through fuel subsidies and government assistance despite higher global commodity prices.
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10 Articles
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GDP in the second quarter of 2026 growing 6%, exceeding forecasts, should be followed by spillovers felt by the entire community.
·Petaling Jaya, Malaysia
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Malaysia Raises Second-Quarter Growth to 6% With BNM Upbeat
·New York, United States
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Malaysia’s economy expands 6pc in Q2, first‑half growth steady at 5.7pc, says BNM
KUALA LUMPUR, AUG 14 — Malaysia’s economy expanded by 6 per cent in the second quarter of 2026, bringing first-half growth to 5.7 per cent.Bank Negara Malaysia Governor Datuk Seri Abdul Rasheed Ghaffour said growth remained broad-based, supported by domestic demand and strong export performance.“Both electrical and electronics (E&E) and non-E&E exports were growing, alongside support from ICT services,” Abdul Rasheed told a joint press conferenc…
·Petaling Jaya, Malaysia
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Total News Sources10
Leaning Left1Leaning Right4Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
13%
C 37%
R 50%
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