Malaysia’s economy grows 5.3% on year in Q3, official advance estimate shows

KUALA LUMPUR, Oct 16 (Reuters) Malaysia s economy grew 5.3% from a year earlier in the third quarter, slowing from the previous ​three-month period, official advance estimates showed on ‌Friday. • In the second quarter, gross domestic product expanded 6% • During the July to September period, growth was recorded in all economic sectors except for mining ‌and ​quarrying, which declined 4.9% from ⁠a year earlier, the ⁠statistics department said in a statement • Expansion in the quarter was driven by the services sector which rose 5.4%, while manufacturing ​activity grew 7.5%, backed by export-oriented industries, the department said • The construction sector rose 6%, ⁠supported in part by ⁠rising data centre development projects, it ​said • Malaysia, a regional data centre hub, has ​benefited from a global boom in artificial ‌intelligence infrastructure that has driven demand for its tech products and semiconductors • The government last week raised 2026 growth projections for the seco