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2026-07-17 12:34:13
[Malaysia's Q2 GDP Grows 5.8% Year-on-Year, Mining and Metallurgy Lead the Way] ⑴ Malaysia's economy expanded by 5.8% year-on-year in the second quarter of 2026, accelerating further from 5.4% in the previous quarter and slightly exceeding market expectations. The chief statistician stated that resilient domestic demand and improvements in key productive sectors continued to support growth, despite weak agricultural performance. ⑵ The mining and quarrying industry surged 10.2% year-on-year, a significant rebound from a 2.1% decline in the first quarter, mainly driven by increased natural gas production; manufacturing growth also accelerated to 7.5% (previous value 5.9%), benefiting from increased output in electrical, electronic and optical products, petrochemicals, and rubber and plastics products. ⑶ Service sector growth slowed slightly to 5.4% (previous value 5.6%), while construction fell to 6.6% (previous value 7.0%); agriculture contracted by 3.7% (previous value growth 2.6%), reflecting weaker output in the oil palm and fisheries sub-sectors. Overall economic growth for the first half of the year was 5.6%, higher than 4.5% in the same period last year.
