Malaysia Economic Outlook
December 13, 2018
The economy expanded at a fractionally slower pace in annual terms in the third quarter compared to the second quarter, owing to a drag from the external sector. Nevertheless, economic growth remained robust, underpinned by domestic demand. Private consumption performed particularly well and benefited from the zero-rating of the goods and services tax on 1 June; however, foreign demand for Malaysian goods eased markedly and net exports subtracted from the economy as a result. Looking at the final quarter, available data sends mixed signals. While the manufacturing PMI dropped further below the crucial 50-point mark in November, the external sector’s performance improved in October and registered the largest trade surplus in seven years amid strong export growth. Meanwhile, in early December, Malaysian police filed criminal charges against five people—including the former prime minister—over the 1MDB scandal, which saw large sums of money being swindled from a government fund. This could increase political tension and instability.Malaysia Economic Growth
Economic growth is expected to remain robust in 2019, although the pace of growth in the economy is seen moderating slightly from 2018. Domestic demand should firm up on solid government consumption and stronger growth in fixed investment. However, household consumption growth will likely ease after a strong 2018. Meanwhile, the uncertain impact of the more expansionary fiscal stance on government finances, lingering trade tensions and financial market volatility all threaten the outlook. FocusEconomics Consensus Forecast panelists expect the economy to grow 4.6% in 2019, which is down 0.1 percentage points from last month’s forecast, and 4.4% in 2020.Malaysia Economy Data
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Malaysia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.07 | 0.15 % | Jan 16 |
| Exchange Rate | 4.11 | 0.0 % | Jan 16 |
| Stock Market | 1,673 | -0.29 % | Jan 16 |
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Malaysia Economic News
Malaysia: Growth in industrial output slows in November
January 11, 2019
Industrial production growth eased to 2.5% in November over the same month a year earlier from a revised 4.3% in October; November’s result was, however, above market expectations of a bigger moderation.
Malaysia: Exports growth slows markedly in November
January 4, 2019
Exports grew 1.1% in November over the same month a year earlier in USD terms.
Malaysia: Manufacturing conditions continue to worsen in December
January 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by Nikkei and IHS Markit, fell from 48.2 in November to 46.8 in December, the lowest reading since the survey began in July 2012. The ongoing deterioration in operating conditions in December came on the heels of weakening output levels and demand, both domestic and overseas.
Malaysia: Inflation moderates in November
December 19, 2018
In November consumer prices rose 0.25% over the previous month, up from October’s 0.17% increase.
Malaysia: Industrial production output picks up pace in October
December 12, 2018
Growth in industrial production accelerated rapidly to 4.2% in October over a year ago, up from 2.3% in September.
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