Unemployment in Malaysia
Malaysia - UnemploymentFollowing Q2’s record fall in GDP, activity contracted at a much softer pace in Q3 as Covid-19 restrictions were eased in early June. Exports shrank at a milder pace thanks to increased foreign demand, mainly for electronics, while domestic demand contracted less steeply, with consumer and capital spending both falling at a softer rate. Turning to Q4, incoming data suggests that the recovery might be losing steam. The manufacturing PMI slid further into contractionary territory in October, reflecting moderating growth in new orders and output. This, coupled with the reinstatement of targeted lockdowns in October, bodes ill for private activity. Lastly, on 6 November, the government presented its draft 2021 budget of MYR 322.5 billion (about USD 78 billion)—the largest in the country’s history—based on a 6.5%–7.5% GDP growth rate and a lower fiscal deficit of 5.4% of GDP.
Malaysia - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Malaysia Unemployment Chart
Source: Department of Statistics Malaysia.
|Bond Yield||3.32||0.15 %||Dec 31|
|Exchange Rate||4.09||0.0 %||Jan 01|
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June 11, 2021
Industrial output expanded at a record-breaking pace of 50.1% year-on-year in April, jumping from March’s 9.3% increase.
June 4, 2021
Merchandise exports soared to an over 20-year high, jumping 71.4% year-on-year in USD terms in April, on the heels of March’s 36.4% upturn.
June 1, 2021
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, dropped to 51.3 in May, following April’s 53.9, which had logged the best reading on record.
May 21, 2021
Consumer prices rose a seasonally-adjusted 0.16% in April over the previous month, coming in below the 0.33% rise recorded in March.
May 11, 2021
GDP fell 0.5% year-on-year in the first quarter, moderating significantly from the 3.4% contraction logged in the fourth quarter of last year.