Current Account in Malaysia
Malaysia - Current AccountRecent 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 - Current Account Data
|Current Account (% of GDP)||3.5||4.4||3.0||2.4||3.0|
5 years of economic forecasts for more than 30 economic indicators.
Malaysia Current Account Chart
Source: Department of Statistics Malaysia and FocusEconomics calculations.
|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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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).
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.
January 30, 2019
In USD terms, exports grew 2.3% over the same month a year earlier in December.
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.
January 24, 2019
In December consumer prices rose 0.08% over the previous month, down from November’s 0.25% increase.