Malaysia BIP Veränderung zum Vorjahr

Malaysia's economy advanced by 5.3% yoy in Q3 of 2024, slowing from the strongest rise in six quarters of 5.9% in Q2, flash data showed. Expansion in the services sector moderated (5.1% vs 5.9% in Q2) but all sub-groups rose positively. In addition, agricultural output notably slowed (4.0% vs 7.2%), mainly weighed by a contraction in the fishing sub-sector. Simultaneously, mining and quarrying activity shrank (-3.4% vs 2.7%), due to declines in natural gas and crude oil & condensate. In contrast, output accelerated for manufacturing (5.7% vs 4.7%), lifted by electrical, electronic, and optical products. Meanwhile, robust construction activity continued (19.5% vs 17.3%), buoyed by specialized construction activities and non-residential buildings. On a seasonally adjusted basis, GDP grew 4.6%, a strong pick-up from a downwardly revised 0.8% growth in Q2. During the first three quarters of 2024, the economy expanded 5.1%, much stronger than a 3.8% rise in the same period of 2023.