Malaysia Economic Outlook
May 21, 2019The economy lost some impetus in Q1, after accelerating in the final quarter of 2018. The slowdown was driven by a contraction in fixed investment, slower growth in private spending following a surge in Q4, and a weaker external sector, while robust public spending limited the slowdown. On a more positive note, wage growth in the manufacturing and services sectors comfortably outpaced inflation in Q1. Moving to Q2, growth should be fairly stable as more expansionary monetary policy shores up domestic demand. The IHS manufacturing PMI edged higher in April, on stronger business sentiment and new export orders. In other news, in mid-May the Central Bank outlined several new initiatives aimed at boosting the efficiency and liquidity of domestic financial markets, which bodes well for the private sector.
Malaysia Economic GrowthGrowth is seen tapering this year amid softer household spending growth and a weaker expansion in public consumption. Moreover, the external sector is seen ebbing amid a maturing tech cycle, which could spill over into the labor market and domestic demand. Elevated trade tensions and uncertain Chinese import demand pose downside risks. Our panel sees the economy growing 4.5% in 2019, which is unchanged from last month’s forecast, and 4.5% again in 2020.
Malaysia Economy Data
5 years of Malaysia economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.74||0.15 %||Jun 13|
|Exchange Rate||4.17||0.0 %||Jun 13|
|Stock Market||1,644||-0.29 %||Jun 13|
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Malaysia Economic News
June 11, 2019
Industrial production surged 4.0% year-on-year in April, up from March’s 3.1% expansion and surpassing market analysts’ expectations of a 2.7% outturn.
June 3, 2019
Exports fell 4.5% year-on-year in April in USD terms, marginally improving from the 4.7% drop registered in March.
June 3, 2019
The manufacturing Purchasing Managers’ Index (PMI), which is produced by IHS Markit and Nikkei, dropped to 48.8 in May from 49.4 in April.
May 16, 2019
The economy softened in the first quarter of the year, growing 4.5% in annual terms over the same quarter a year earlier.
May 11, 2019
Industrial production grew 3.1% year-on-year in March, up from February’s 1.7% growth and surpassing market analysts’ expectations of a 2.4% outturn.