Growth hits 5.2%; domestic demand to drive cautiously growth path into 2026
GDP growth accelerated to 5.2% YoY in 3Q25 (2Q25: 4.4%), matching Bloomberg consensus and Department of Statistics’ (DOSM) advance estimate, but slightly above the house forecast of 5.0%
- The solid growth was mainly driven by a recovery in the mining sector and net exports, alongside continued manufacturing expansion, but momentum was capped by softer domestic demand amid moderate investment.
- Meanwhile, seasonally adjusted QoQ rose 2.4% (2Q25: 2.2%), reflecting firmer sequential performance.
- Within ASEAN-5 (+VN, excluding TH), Malaysia recorded second highest growth behind Vietnam (8.2%), outpacing Indonesia (5.0%), the Philippines (4.0%), and Singapore (2.9%).
Download Full Content:
