00:00In the third quarter of 2025, the Malaysian economy recorded a strong growth of 5.2%.
00:12This was contributed by household spending, steady investment activities and continued export growth,
00:20supported by E&E sector, robust tourism activity and strong recovery in mining related export.
00:30On seasonal adjusted quarter-on-quarter basis, GDP showed stronger growth momentum of 2.4%, higher than the 2.2% recorded in the second quarter of 2025.
00:45On the expenditure side, domestic demand was driven mainly by sustained domestic demand and higher net export.
00:53Private consumption was supported by positive labour market conditions and policy measures.
01:01Meanwhile, investment growth was driven by further capacity expansion by firm and robust construction activities,
01:10as well as continued capital expenditure by public cooperation.
01:15On the external front, the expansion in net export was driven by improving export and a sharper moderation in import,
01:26particularly for intermediate and capital import.
01:30On the supply side, all sectors continue to expand.
01:34Sustained growth in the services sector was driven by consumer-related sectors.
01:39The manufacturing sector registered a higher growth driven by stronger production in E&E and consumer-related goods.
01:49The construction sector continued to record robust growth across all sub-sectors.
01:57In the commodity sectors, the agriculture sector experienced a moderation driven by slower growth in rubber,
02:06oil pump and other agriculture sub-sectors.
02:09However, the rebound in mining sector reflected recovery in LNG and crude oil production from post-planned maintenance.
02:22Malaysia's economy grew by 4.7% in the first nine months of this year.
02:27And this is well within our forecast range of between 4% to 4.8%.
02:32In fact, at this rate for this year, we may record a growth rate that is closer to the upper range of this forecast.
02:42And moving into 2026, as announced by the Ministry of Finance last month,
02:48economic growth is expected to expand between 4% to 4.5% next year and will be driven by domestic demand.
02:56Household spending will be supported by the continued employment and wage growth,
03:03the income-related policy measures, and also the additional cash transfers by the government.
03:09Furthermore, investment activities will be sustained amid the progress of infrastructure projects,
03:16realisation of approved investments, and the implementation of our national master plans.
03:22On the external front, we expect moderate export performance as tariff and global demand pressures
03:30will be offset by the continued demand for E&E goods, inbound tourism, and recovery in the mining-related exports.
03:40Headline inflation remained unchanged during the quarter at 1.3%, while core inflation increased to 2%.
03:48The higher core inflation added some upward pressure on headline inflation.
03:53However, this was offset by declines in some administered prices, namely electricity and diesel,
04:01which kept the headline inflation stable for the quarter.
04:05In part, the lower administered prices reflected the impact of recent policies,
04:11namely electricity tariff restructuring, which resulted in lower electricity bills
04:16for most of our Malaysian households.
04:18For most of our Malaysian households.
04:18For most of our Malaysian households.
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