GDP Growth Picks Up For The First Time In Seven Quarters

Economic Research	14 November 2016
Malaysia
Economic Highlights
GDP Growth Picks Up For The First Time In Seven Quarters The Malaysian economy bucked its earlier slowing trend with real GDP picking up to 4.3% y-o-y in 3Q 2016, from +4.0% in 2Q and +4.2% in 1Q on account of an acceleration in consumer spending and a rebound in net exports. On balance, we envisage the annual real GDP growth to moderate to 4.0% in 2017, from a revised reading of +4.1% in 2016. Domestic demand, on the other hand, eased to 4.7% y-o-y in 3Q 2016, from +6.3% in the previous quarter, on account of a slowdown in both private and public sectors. On the supply side, the acceleration in growth attributed mainly to a pick-up in manufacturing, mining and services activities while agriculture output fell by a smaller margin. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist: Aris Nazman Maslan | +603 9280 2184
To access our recent reports please click on the links below: 10 November: US Election: Anti-Trade Stance Presents Downside Risks to Malaysia’s Exports 07 November: Foreign Exchange Reserves Rise Marginally in October 04 November: Exports Slipped Back In September 01 November: Money Supply Eases in September, But Deceleration in Loans and Deposits Growth Halted 21 October : Ministry Of Finance Economic Report 2016/17 – Growth To Improve on Optimistic Assumptions