Research & Analysis

Summary Malaysia’s gross domestic product (GDP) expanded by 5.9% in 2Q2024, surpassing the advance estimate of 5.8% (1Q2024: 4.2%). The acceleration in household spending and sustained strong double-digit growth in gross fixed capital formation were key drivers. Exports surged by 12.3% in July (June: 1.7%), driven by a broad-based increase in manufacturing exports. In July,

Summary The advance gross domestic product (GDP) estimate for Malaysia was positive, pointing to the economy’s better-than-expected performance in 2Q2024. The services sector continued to be robust on the back of sustained growth in private consumption, while previously laggard sectors such as agriculture improved. We have revised our 2024 GDP forecast upwards to 4.8% from

Summary Recent economic data for Malaysia has been positive, pointing to a firm start for the economy in 2Q2024. Wholesale & retail trade was resilient, with growth accelerating to 7.5% in April (1Q2024: 2.3%), consistent with the higher domestic-oriented production growth for the month. On the external sector, Malaysia’s exports posted strong growth of 7.3%

Summary Malaysia’s 1Q2024 gross domestic product (GDP) expanded to 4.2%, higher than the advanced estimate of 3.9% (4Q2023: 3.0%) on the faster expansion in the services sectors at 4.7% (advanced estimate: 4.4%, 4Q2023: 4.1%). The manufacturing sector registered a 1.9% rebound after two quarters of contraction, while growth in the construction sector accelerated to 11.9%