Malaysia's economy grew 5.3% year on year in the third quarter, slowing from 6% in the second quarter, according to official advance estimates. Growth was recorded in all sectors except mining and quarrying, which fell 4.9%; services rose 5.4%, manufacturing 7.5% on export-oriented industries, and construction 6%, partly supported by data centre projects. The government raised its 2026 growth forecast for a second time, to near the upper end of 4.8% to 5.3%, and projects 4.2% to 5.2% for 2027. The central bank has held its policy rate at 2.75% since May last year, and final third-quarter GDP data will be released on November 18.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Malaysia economy grows 5 . 3 % on year in Q3 , official advance estimate shows
Read the original on asiaone.com ↗
Related news
- Malaysia economy grows 5.3% year-on-year in Q3: Advance estimate
Malaysia's economy grew 5.3% year-on-year in the third quarter, slowing from 6% in the second quarter, according to advance estimates from the statistics department. Services rose 5.4%, manufacturing gained 7.5% on export-oriented industries and construction grew 6%, partly supported by data centre projects, while mining and quarrying fell 4.9%. Malaysia, a regional data centre hub, has benefited from the global AI infrastructure boom that has boosted demand for its tech products and semiconductors. The government raised its 2026 growth forecast for the second time this year to near the upper end of its 4.8% to 5.3% range, and the central bank has held its policy rate at 2.75% since May last year. Final third-quarter GDP data will be released on November 18.
- China economy grows 4 . 5 % as exports surge
China's economy grew 4.5% in the third quarter, beating forecasts, as strong exports offset weak consumer spending and a prolonged property downturn. Analysts expect Beijing to reach its 2026 target of 4.5%-5.0% without additional stimulus, but warn that growing reliance on external drivers is deepening structural imbalances. Retail sales again lagged industrial output, fixed-asset investment fell 7.2% in January-September, and the job market has weakened. The yuan firmed to its strongest level since July 2022 on Monday.
- UK economy grows marginally in August but financial pressures remain
UK monthly GDP grew 0.1% in August, according to the ONS, after 0.4% growth in both June and July, with June's figure revised up from 0.3%. The August gain was driven mainly by a 0.8% rise in production, while services were flat and construction fell 0.2%. Over the three months to August, real GDP rose 0.7%, up from 0.5% in the previous period, but this modest growth does little to ease pressure on households facing high inflation and mortgage rates. Richard Pike of Phoebus Software noted the IMF has upgraded its 2026 growth forecast, but said three months of modest expansion does not guarantee a sustained recovery and that it is unclear whether growth is broad-based. With the Budget a fortnight away, he said the Chancellor needs to turn signs of resilience into measures that support households and the housing market.
- UK economy unexpectedly grows 0 . 1 % in August
- IMFC chair says global economy resilient; delegates walk out on Russian official
IMFC chair Mohammed Al-Jadaan said the global economy is showing 'remarkable resilience' but there is 'no room for complacency' amid wars, threats to energy and food security, high public debt and AI-related risks. Nearly half of delegates walked out when Russian Finance Minister Anton Siluanov spoke in Russian, sending a clear message to Russia, although all members agreed to the chair's statement. IMF Managing Director Kristalina Georgieva called the meetings productive but noted growing anxiety about divergence, with many lower-income countries fearing they are falling behind. The IMF and World Bank annual meetings drew more than 18,000 people to Bangkok.
Related markets
Latest news
- Meta Earnings: What To Look For From META
Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.
- An AI bust could come from places investors arent watching , an economist says
Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.
- Yen jumps after JGB auction draws big demand , euro finds relief
The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.
- Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low
Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.
- CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet
U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.
- NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook
NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.