Malaysia's GDP Contracts 4.9% QoQ in Q1 2013

In the first quarter of 2013, the GDP shrank by 4.9 percent (non-seasonally adjusted) over the previous quarter, the highest contraction in four years. On the supply side, all sectors posted negative growth except for Mining and Quarrying. The main contributors for the contraction were the Agriculture and Manufacturing sectors. On the demand side, all expenditure components posted negative growth, except for Private Final Consumption Expenditure. Government expenditure shrank by 39 percent.
Joana Taborda | joana.taborda@tradingeconomics.com
5/15/2013 1:11:59 PM
On a quarter-over-quarter basis, Agriculture and Manufacturing recorded the highest contractions on the supply side, declining by 9 percent and 6 percent, respectively. The Services dropped by 4.8 percent, and Construction by 3.4 percent.
 
Mining and Quarrying expanded by a meager 0.04 percent.
 
On the demand side, Government Final Consumption recorded the highest contraction, and shrank by 39 percent over the previous quarter. Exports dropped by 3.7 percent, Gross Fixed Capital Formation declined by 1.62 percent and Imports shrank by 0.13 percent. 
 
In contrast, Private Consumption expanded by 0.23 percent.

On the year-over-year basis, the GDP expanded by 4.1 percent, as compared to 6.5 percent in the preceding quarter.
 

Malaysia



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