In the third quarter, GDP expanded 5.2% over the same period last year, which was below the 5.6% rise tallied in the previous period (previously reported: +5.4% year-on-year). That said, the print overshot market expectations that had the economy growing 4.8%. Private consumption expanded 8.5% (Q2: +8.8% yoy), while public spending added only 2.3% over the same quarter last year (Q2: +10.9% yoy). Gross fixed capital formation remained resilient but slowed to a 22.7% rise (Q2: +26.1% yoy). In addition, GDP benefited from a positive shift in inventories. On the external front, exports of goods and services continued to deteriorate, falling from a 2.1% increase in the second quarter to a 3.0% drop in the third. On the other hand, imports rose 4.4% (Q2: +8.1% yoy). As a result, the external sector's net contribution to overall growth deteriorated from minus 5.0 percentage points in the second quarter to minus 6.8 percentage points in the second.
Economic activity slows in third quarter
November 16, 2012
Looking for forecasts related to GDP in Malaysia? Download a sample report now.
Malaysia GDP Chart
Note: Annual variation of gross domestic product (GDP) in %.
Source: Department of Statistics Malaysia and FocusEconomics calculations.
Malaysia Economic News
October 12, 2016
Industrial production increased 4.9% in August from the same month last year.
October 7, 2016
Exports in USD terms rose 3.3% annually in August, which was a sharp improvement over July’s 8.9% contraction (previously reported: -8.7% year-on-year).
September 23, 2016
In August, consumer prices rose 0.43% over the previous month, which was slightly up from the 0.26% increase registered in July, according to the Department of Statistics Malaysia.
September 16, 2016
The ringgit has had a tumultuous week as a combination of factors, both domestic and external, have impacted the currency.
September 10, 2016
Industrial production increased 4.1% in July over the same month last year.