The Malaysian economy expanded 5.6 percent in the third quarter of 2014, decelerating from a revised 6.5 percent growth reported from April to June, as all sectors of the economy rose at a slower pace.
The manufacturing sector expanded 5.3 percent year-on-year, following a 7.3 percent growth in the second quarter, as domestic-oriented activities weakened. The services sector grew 6.1 percent, slightly down from a 6.2 percent expansion in the second quarter. The agriculture sector grew 4.0 percent after registering a strong performance of 7.1 percent in the preceding quarter. The slowdown in agriculture was attributed to a weaker output of palm oil and rubber. The mining sector shrank 1.4 percent from a 2.1 percent expansion in the previous quarter, due to lower production of natural gas and condensates.
11/14/2014 8:41:21 AM
Malaysian GDP Growth Beats Expectations in Q1
Malaysia's economy advanced 6.2 percent year-on-year in the first three months of 2014, its fastest pace in five quarters, driven by resilient domestic demand and stronger exports.
Published on 2014-05-16
Malaysia GDP Expands 5.1% in Q4 2013
In the fourth quarter of 2013, Malaysian economy accelerated to an annual growth rate of 5.1 percent, the fastest pace in the last four quarters, supported by private sector demand and an improvement in exports.
Published on 2014-02-12
On the expenditure side, private investment decelerated by 6.8 percent year-on-year, after registering a 12.1 percent growth in the second quarter, mainly due to a decline in spending on machinery and equipment, particularly in the transportation segment. Public investment declined further by 8.9 percent, following a 3.3 percent contraction in the previous quarter, mainly attributed to the near completion of few projects by public enterprises and the continued contraction in the government expenditure. Public consumption expanded 5.3 percent, reversing from a 0.5 percent decline in April to June quarter, as government spending increased. Private consumption expanded 6.7 percent, following a 6.5 percent expansion in the June quarter, supported by stable labor market and continued wage growth.
Going forward, Malaysia's GDP is expected to remain on a steady growth path between 5.5 to 6.0 percent this year, driven by resilient domestic demand amid moderate exports. For 2015, the economy is projected to expand by 5.0 to 6.0 percent.