Thursday, April 12, 2018

FW: RHB | Malaysia | February's Industrial Activity Slows On Export Drag




Economic Research

12 April 2018



Economic Update




February’s Industrial Activity Slows On Export Drag



Malaysia’s industrial activities eased to 3% YoY in February, from January’s revised +5.4% due to shorter working days. Manufacturing and electricity output also slowed, along with a decline in mining activities. While we expect economic activities to slow to 5.4% for 1Q18, from 5.9% in the previous quarter, January-February’s industrial activity points towards a downside risk. As a result, we keep our below consensus real GDP forecast unchanged and expect it to chart a more moderate growth of 5.2% in 2018 (2017: +5.9%).



Vincent Loo Yeong Hong  | +603 9280 2172




To access our recent reports please click on the links below:

09 Apr: Forex Reserves Inch Up To USD107.8bn In March

06 Apr: Exports Plunges In February Amid Festive Holidays

02 Apr: M3 Growth Steps Up a Gear

28 Mar: BNM Annual Report 2017 – Economic Growth Expected To Sustain At a Stellar Pace

21 Mar: Inflation Dips To Its Lowest In 16 Months

20 Mar: Highest Supplementary Budget In Four Years



Economics Team

Arup Raha

Group Chief Economist

+65 6232 3896

Peck Boon Soon

Chief ASEAN Economist

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Vietnam,

+603 9280 2172

Rizki Fajar

Indonesia, Philippines

+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam

+603 9280 2184




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