Malaysia BIP Veränderung zum Vorjahr

Malaysia’s economy expanded by 5.3% year-on-year in the third quarter of 2024, in line with preliminary estimates but easing from 5.9% growth in the previous quarter. The slowdown was attributed to a softer production growth in the services sector (5.2% vs. 5.9% in Q2) and agriculture (3.9% vs. 7.3%), and a contraction in mining & quarrying (-3.9% vs. 2.7%). In contrast, manufacturing (5.6% vs. 4.7%) and construction (19.9% vs. 17.3%) saw accelerated growth. On the expenditure side, private consumption moderated (4.8% vs. 6%), while growth picked up for government spending (4.9% vs. 3.6%) and fixed investments (15.3% vs. 11.5%). Net external trade also contributed negatively to GDP, as imports advanced 13.5% (vs. 8.7%), while exports rose at a slower pace of 11.8% (vs. 8.4%). On a seasonally adjusted quarterly basis, GDP expanded 1.8%, down from 2.9% in the prior quarter.