FW: RHB | Malaysia | Easing October IPI On Weaker Manufacturing and Mining

 

 

 

 

Economic Research			13 December 2017
Malaysia
Economic Update
Easing October IPI On Weaker Manufacturing and Mining   Malaysia‘s industrial activities moderated in October for the second straight month amid a slowdown in manufacturing and mining activities. The slowdown, however, came despite the pick-up in exports during the month. This ties in to our expectations for the normalisation of economic activities in 4Q17. As a result, we expect the country’s real GDP to chart a more moderate growth of 5.2% in 2018 from the +5.6% estimated for 2017 (2016: +4.2%). This is on the back of slower export growth after a surge in 2017 and a slowdown in public spending, in line with the Government’s fiscal consolidation drive. However, real GDP growth would remain supported by resilient domestic demand, backed by relatively strong consumer spending and private investments during the year.     Economist: Arup Raha  | +65 6232 3896 Vincent Loo Yeong Hong  | +603 9280 2172 Aris Nazman Maslan  | +603 9280 2184
To access our recent reports please click on the links below:   8 Dec: Forex Reserves Rise Further In November On Trade Flows 7 Dec : Exports Remain Robust in Early 4Q17 4 Dec : M3 Edges Higher, Loan Growth Eased in October 24 Nov : Inflation Slows On Lower Fuel And Food Prices 20 Nov : Wider Current Account Surplus Expected In 2018 20 Nov : Economic Growth Strongest In Three Years
Economics Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam,	vincent.loo@rhgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

 

 

 

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