Malaysia Economic Outlook
January 22, 2019
Recent economic data has been largely underwhelming, even though retail sales continued growing at a robust pace in October and November as consumers benefited from low inflation. Export growth came to a virtual standstill in November on a sharp contraction in shipments of palm oil and palm oil-based products, offsetting a jump in foreign demand for refined petroleum products. Meanwhile, import growth eased on softer demand for consumption goods. Furthermore, output in the manufacturing sector weakened in November, which lead industrial production growth to soften, while in December operating conditions in the manufacturing sector worsened at the sharpest pace since the PMI survey began over six years ago. Taken together, this suggests that the manufacturing sector ended the year on a weak footing. On the political front, the government introduced measures at the start of the year, including cash handouts and free health insurance, in an effort to support low-income earners and reduce income inequality.Malaysia Economic Growth
The economy should continue growing at a robust pace this year owing to firm domestic demand. However, while fixed investment growth is expected to pick up, private consumption will likely moderate after its stellar performance in 2018. Lingering global trade tensions and financial-market volatility are the main downside risks to the outlook. FocusEconomics Consensus Forecast panelists expect the economy to grow 4.5% in 2019, which is down 0.1 percentage points from last month’s forecast, and 4.5% again in 2020.Malaysia Economy Data
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Malaysia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.97 | 0.15 % | Feb 14 |
| Exchange Rate | 4.08 | 0.0 % | Feb 14 |
| Stock Market | 1,689 | -0.29 % | Feb 14 |
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Malaysia Economic News
Malaysia: Economic growth accelerates in the fourth quarter of 2018
February 14, 2019
The Malaysian economy accelerated in the final quarter of 2018, posting growth of 4.7% over the same quarter a year earlier (Q3: +4.4% year-on-year).
Malaysia: Growth in industrial output accelerates in December
February 11, 2019
Industrial output grew 3.4% over the same month a year earlier from a revised 2.6% expansion in November (previously reported: +2.5% year-on-year), December’s increase also above market expectations of a softer acceleration.
Malaysia: Exports growth recovers somewhat in December
January 30, 2019
In USD terms, exports grew 2.3% over the same month a year earlier in December.
Malaysia: Inflation is stable in December
January 24, 2019
In December consumer prices rose 0.08% over the previous month, down from November’s 0.25% increase.
Malaysia: BNM leaves policy rate unchanged in January
January 24, 2019
At its 24 January meeting, the Monetary Committee of Bank Negara Malaysia left the overnight policy rate unchanged at 3.25%, where it has been since January last year.
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