Malaysia Economic Outlook
January 25, 2022
Available data suggests that economic conditions improved in Q4 2021, largely due to easing Covid-19 curbs. Industrial production rebounded on average in October–November, while merchandise exports grew at a quicker rate owing to strong foreign demand for electronics. These factors, coupled with a robust improvement in operating conditions in the manufacturing sector in Q4, suggest a pickup in private sector activity. Similarly, a lower unemployment rate in October–November bodes well for household spending, although elevated inflation in the quarter will have capped growth. On a less positive note, destructive floods at the end of 2021 and in early 2022 will weigh on current quarter activity. However, the government presented a flood relief package of about USD 335 million on 29 December 2021, which should somewhat alleviate the natural disasters’ economic impact.Malaysia Economic Growth
In 2022, economic growth is set to accelerate compared to last year, largely because of the fading impact of pandemic-induced disruptions to domestic activity, amid a markedly higher vaccination rate. Moreover, recovering activity among key trading partners will sustain exports. That said, Covid-19 flare-ups and the prospect of general elections in 2022 cloud the outlook. FocusEconomics panelists predict the economy growing 5.8% in 2022, which is down 0.1 percentage points from last month’s forecast. In 2023, the panel sees the economy expanding 5.1%.Malaysia Economy Data
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Malaysia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.32 | 0.15 % | Dec 31 |
| Exchange Rate | 4.09 | 0.0 % | Jan 01 |
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Malaysia Economic News
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Malaysia: Inflation edges down in December
January 21, 2022
Consumer prices rose 0.40% over the previous month in December, up from November’s 0.24% rise.
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Malaysia: Industrial output records quickest growth since May in November
January 10, 2022
Industrial output increased 9.4% compared to the same month of the previous year in November, which was above October's 5.5% increase.
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Malaysia: Manufacturing PMI rises again in December
January 3, 2022
The Manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, posted another increase in the final stretch of the year, rising to 52.8 in December from 52.3 in November.
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Malaysia: Merchandise export growth hits five-month high in November
December 28, 2021
Merchandise exports grew for the fourth successive month, with growth coming in at 31.2% year-on-year in USD terms in November, up from October’s 25.4% increase.
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Malaysia: Inflation comes in at highest level since June in November
December 22, 2021
Consumer prices increased 0.24% over the previous month in November, coming in below October's 0.73% rise.
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