Current Account in Malaysia
Malaysia - Current AccountThe economy appears to have slowed in the third quarter as Malaysia remains in the crosshairs of the U.S.-China trade war. Although the manufacturing PMI showed signs of revival in September, the quarterly average was nevertheless down from that of Q2. Industrial production data echoed growing weaknesses, with output remaining lackluster in August, after hitting a five-year low in July. Moreover, a fragile tech sector continues to dampen foreign demand, as evidenced by August’s sharp decline in electronic exports, which account for more than a third of all foreign sales. Meanwhile, merchandise imports slumped to a one-decade low in the same month on a plunge in capital goods imports, suggesting investment remained suppressed in Q3. On a brighter note, on 11 October the government unveiled the 2020 national budget, which slows the pace of fiscal consolidation, albeit less than expected, while presenting policies to buffer against a sharper downturn.
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||3.30||0.15 %||Sep 04|
|Exchange Rate||4.21||0.0 %||Sep 04|
|Stock Market||1,600||-0.29 %||Sep 04|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 15, 2019
On 11 October, the Malaysian government presented the 2020 budget, which aims to strike a balance between continuing fiscal consolidation efforts and introducing stimulus measures to buffer against a larger economic slowdown.
October 11, 2019
Industrial output increased 1.9% year-on-year in August, up slightly from July’s five-year low of 1.2% growth, but just shy of market expectations of a 2.0% expansion.
October 4, 2019
According to Statistics Malaysia, the country saw an increase in the trade surplus of 655% from the same month last year, when measured in the local currency terms (ringgits, MYR).
October 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, rose to 47.9 in September from 47.4 in August.
September 25, 2019
Consumer prices increased 0.2% month-on-month in August, slightly higher than July’s increase of 0.1%.