Economic Research | 12 April 2018 | |||
Malaysia | ||||
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%). Economist: 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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