Economic Research | 11 August 2017 | |||
Malaysia | ||||
Economic Update | ||||
Industrial Activities Remained Robust in 1H17 Industrial Production Index (IPI) slowed to 4% YoY in June, from +4.6% in May, on the back of a slowdown in manufacturing activities and electricity output. For 1H17, IPI growth averaged at 4.3% YoY, higher compared to 3.2% in the same period last year. Given the improvement in Malaysia’s growth prospects, we are lifting our real GDP forecast to 5.3% for 2017 and 5.4% for 2018, from 4.8% and 5% respectively. This is on the back of stronger projected growth in exports, after surging in the 1H, which could boost overall economic activity and a pick-up in domestic demand. This is as higher export growth would trickle down to an improvement in consumer spending and private investment, as well as a modest increase in public spending and investment. 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: 08 Aug : Forex Reserves Near The USD100bn Level 07 Aug : Exports Growth Slower In June Due To Festivities 02 Aug : Business Confidence Picks Up To 4-Year High 01 Aug : M3 Slows, Whilst Loan Growth Picks Up in June 21 Jul: More Moderate Growth And Inflation In 2H17 | ||||
Economics Team | ||||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam, | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.