FW: RHB | Malaysia | Robust IPI In 3Q Points Towards Stronger GDP Growth

 

 

 

 

Economic Research			9 November 2017
Malaysia
Economic Update
Robust IPI In 3Q Points Towards Stronger GDP Growth   Malaysia‘s industrial activities eased in September, as the Industrial Production Index (IPI) slowed to 4.7% YoY in September, from +6.8% in August. The slowdown was broad-based due partly to a shorter working month amid more public holidays in September. Given the strong industrial, services and external activities, Malaysia’s real GDP may record a stronger growth of 6% in 3Q17, from +5.8% in 2Q. As a result, there may be an upside risk to our current 2017 GDP growth forecast of 5.3%. We expect Malaysia’s real GDP to grow by 5.4% in 2018, supported by a stronger increase in exports, pick-up in domestic demand, and modest increase in public spending & investments.   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 Nov : Forex Reserves Continue To Climb Despite Outflows 06 Nov : Exports Slowing, 3Q Growth Strongest Since 2010 01 Nov : M3 Eases Lower From a Two-Year High 27 Oct : MOF Economic Report 2017/2018 - Growth To Be Sustained As Fiscal Deficit Narrows 24 Oct : Services Sector Drags Approved Investments
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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