Malaysia’s Industrial Production Index Sustains 23rd Straight Month of Growth in November 2025

Malaysia’s Industrial Production Index (IPI) continued its upward trend for the 23rd consecutive month in November 2025, registering a year-on-year growth of 4.3%, according to the latest data released by the Department of Statistics Malaysia. While the pace eased from October’s 6.0% expansion, all major sectors—manufacturing, mining, and electricity—contributed positively to the sustained growth.

Industrial Production Index

Sales value of manufactured goods rose moderately by 4.6% y-o-y in November, supported by strong double-digit increases in electrical and electronics (E&E) products and consumer electronics. However, weaker performance in computers and peripheral equipment, refined petroleum products, and motor vehicles tempered overall gains.

Analysts noted the resilience in industrial output amid robust domestic consumption and steady external demand. Following the latest figures, the full-year 2025 IPI growth forecast has been revised slightly to 3.6%, roughly in line with 2024’s 3.7% expansion. Looking ahead, IPI is expected to maintain moderate growth of around 3.0% in 2026, driven by continued domestic momentum and resilient global demand.

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