Current Account in Malaysia
Malaysia - Current AccountThe economy accelerated in the second quarter, largely thanks to an improvement in net exports of goods and services. While exports of goods and services broadly stagnated, imports contracted at a sharper pace in Q2. Moreover, private consumption was healthy, despite softer credit growth and retail sales data in the quarter, while gross fixed capital formation contracted less sharply thanks to the resumption of spending on a controversial Chinese railway linked to the Belt and Road initiative. However, government consumption growth tapered notably, likely as the government looked to prop up public finances. Turning to the third quarter, the economy seems set to lose some steam, with the manufacturing PMI inching lower in July on weak demand and lower employment. That said, a looser monetary stance from the Central Bank should support domestic demand.
Malaysia - Current Account Data
|Current Account (% of GDP)||3.5||4.4||3.0||2.4||2.8|
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||3.60||0.15 %||Jul 31|
|Exchange Rate||4.13||0.0 %||Jul 31|
|Stock Market||1,635||-0.29 %||Jul 31|
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August 16, 2019
The economy expanded 4.9% in annual terms in the second quarter, up from the first quarter’s 4.5% year-on-year acceleration and above market expectations of a 4.8% expansion.
August 14, 2019
Consumer prices picked up 0.1% month-on-month in July, slightly higher than June’s stable reading, driven by higher prices for food and non-alcoholic beverages, and transport.
August 9, 2019
Industrial output increased 3.9% year-on-year in June, down slightly from May’s 4.0% increase and missing analysts’ expectations of a 4.1% rise.
August 2, 2019
Exports plunged 7.3% year-on-year in June in USD terms, worse than May’s 2.9% decline.
August 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit and Nikkei, was virtually unchanged at 47.6 in July (June: 47.8).