FW: RHB | Malaysia | Services Sector Drags Approved Investments

 

 

Economic Research			24 October 2017
Malaysia
Economic Update
Services Sector Drags Approved Investments   Total approved manufacturing investment declined at a slower pace of 13.3% YoY in 1H17. Total approved investments, however, were dragged by a sharp decline in services investment approvals even as approved investment in the primary sector jumped substantially during the same period. Looking ahead, we expect private investment to grow at a healthy pace of 8.6% YoY in 2018, albeit slowing slightly from an estimated expansion of +8.8% in 2017, and compared to the +4.3% recorded in 2016. This is on account of ongoing construction of infrastructure projects, a pick-up in exports, and sustained inflows of foreign direct investment (FDI).   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:   20 Oct : Inflation Picks Up Further on Higher Fuel Prices 20 Oct : Business Confidence Slips On Weaker Orders 12 Oct : Industrial Production Jumps To a Two-Year High 09 Oct : Higher Forex Reserves Amid Foreign Inflows 09 Oct : Exports Ease In August, But Near a Record High
Economics Team
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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