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Friday, 16 October 2026

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Malaysia’s Economy Is Growing at 5.3%. Not Every Industry Is Moving Forward Together

Malaysia's economy expanded by 5.3% in Q3 2026, but strong manufacturing growth and weaker mining activity reveal an uneven economic picture.

By Katherine (Kay)3 min read

Kuala Lumpur, 16 October 2026 – Malaysia’s economy continued growing in the third quarter of 2026, but the latest figures reveal an important difference between the national picture and individual industries.

According to advance estimates released by the Department of Statistics Malaysia (DOSM) on 16 October, the economy expanded by 5.3% year on year, compared with 6.0% in the second quarter.

The result indicates continued expansion, supported by manufacturing, services and construction.

But not every sector experienced the same momentum.

Manufacturing grew by 7.5%, while mining and quarrying contracted by 4.9%.

The contrast is a reminder that a growing economy does not mean every industry is growing alongside it.

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Author

  • Kay like to explores the intersection of money, power, and the curious humans behind them. With a flair for storytelling and a soft spot for market drama, she brings a fresh and sharp voice to Southeast Asia’s business scene.
    Her work blends analysis with narrative, turning headlines into human stories that cut through the noise. Whether unpacking boardroom maneuvers, policy shifts, or the personalities shaping regional markets, Kay offers readers a perspective that is both insightful and relatable — always with a touch of wit.