Malaysia GDP growth slows to 4.4% in 3Q vs 4.9% in 2Q

Malaysia GDP growth slows to 4.4% in 3Q vs 4.9% in 2Q

The Edge Markets - Malaysia·2019-11-15 12:18

KUALA LUMPUR (Nov 15): Malaysia's economic growth, as measured by gross domestic product, moderated to 4.4% in the third quarter of 2019 (3Q19) from a year earlier, after 2Q19's 4.9% on-year expansion.

In a statement today, Bank Negara Malaysia (BNM) said this was primarily due to lower growth in the nation's key sectors and decline in mining and construction activities. Most domestic demand components and net exports also registered slower growth. On a quarter-on-quarter seasonally-adjusted basis, the economy grew 0.9%, the central bank said.

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Economy

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