Malaysia’s industrial production increased 8.2% year-on-year in April 2026, accelerating sharply from a 3.1% rise in the previous month and easily surpassing market expectations of 4%. It was the strongest annual growth since September 2022, driven by a faster expansion in manufacturing output (8.3% vs. 5.5% in March). Growth was broad-based across all manufacturing sub-sectors, led by electrical and electronics, transport equipment, food, beverages, and tobacco products, and non-metallic minerals, basic metal & fabricated metals. Electricity generation also strengthened significantly, rising 10.5% compared with a 4.8% increase in March. Moreover, the mining sector returned to growth, expanding 6.8% after contracting 6.5% in March, supported by a 16.6% jump in natural gas production. On a seasonally adjusted monthly basis, however, industrial output declined 3.4%, reversing a revised 9.3% increase in March.