Mohd Afzanizam Abdul Rashid

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Malaysia's economy grows 5.3% in third quarter, beating forecasts

Called Q3 growth a positive surprise; says economy grows above its trend level of about 4.7%

Malaysia's economy grew 5.3% in the third quarter, beating the 5.1% median forecast in a Bloomberg survey of economists. The advance estimate from the Department of Statistics, released October 16, shows manufacturing accelerating to 7.5% on global demand for AI chips; mining was the only major sector to contract.

Updated Yesterday

Notable Quotes

Higher living costs could make consumers and businesses more cautious in their spending.

from Malaysia's economy grows 5.3% in third quarter, beating forecasts · Updated Yesterday

At 5.3 per cent, the Malaysian economy is seen to be growing above its trend level of around 4.7 per cent.

from Malaysia's economy grows 5.3% in third quarter, beating forecasts · Updated Yesterday