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BNM: Malaysia’s Economy Continues to Perform. 

BNM
GlobalEM BulletBulletAPACRegionEmerging Market News
  • Malaysia’s third quarter GDP came in at +5.3% today, ahead of market expectations.
  • Survey’s expected the economy to expand +5.2%, following the second quarter result of +5.9%.
  • Whilst mining and Agriculture slipped from Q2, Manufacturing continued its outperformance potentially supporting the government’s attempt to position Malaysia as an alternate venue for International Companies.
  • The construction sector too expanded more than expected delivering its third successive quarter of double digit growth.
  • The Central Bank of Malaysia Bank Negara has been on hold since May when rates were increased to 3.00%.
  • Unlike regional neighbours, Malaysia’s Central Bank does not appear to moving closer to a cut in rates as inflation moderates and today’s release shows that GDP remains robust. 
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  • Malaysia’s third quarter GDP came in at +5.3% today, ahead of market expectations.
  • Survey’s expected the economy to expand +5.2%, following the second quarter result of +5.9%.
  • Whilst mining and Agriculture slipped from Q2, Manufacturing continued its outperformance potentially supporting the government’s attempt to position Malaysia as an alternate venue for International Companies.
  • The construction sector too expanded more than expected delivering its third successive quarter of double digit growth.
  • The Central Bank of Malaysia Bank Negara has been on hold since May when rates were increased to 3.00%.
  • Unlike regional neighbours, Malaysia’s Central Bank does not appear to moving closer to a cut in rates as inflation moderates and today’s release shows that GDP remains robust.