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Malaysia's central bank upbeat as economy grows 6% in Q2

02:16 Min

Malaysia's economy grew 6% in the second quarter of this year, up from 5.4% in the first three months. The central bank sees full-year growth likely to come in at around 5%. Household spending in Malaysia remained steady in Q2, while investment activity also continued. Exports accelerated, led by electrical and electronics products, as strong demand linked to AI continued to fuel Malaysia's semiconductor industry. The country's expanding data centre industry also helped lift activity in the services sector. Afifah Ariffin reports from Kuala Lumpur.

Malaysia's economy grew 6% in the second quarter of this year, up from 5.4% in the first three months. The central bank sees full-year growth likely to come in at around 5%. Household spending in Malaysia remained steady in Q2, while investment activity also continued. Exports accelerated, led by electrical and electronics products, as strong demand linked to AI continued to fuel Malaysia's semiconductor industry. The country's expanding data centre industry also helped lift activity in the services sector. Afifah Ariffin reports from Kuala Lumpur.

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