Malaysia's economic growth pace rose in the second quarter, helped by sligh...
KUALA LUMPUR - Malaysia’s economic growth pace rose in the second quarter, helped by slightly stronger exports and manufacturing, a Reuters poll showed.
The median forecast from the poll of 13 economists was for annual growth of 4.8% in April-June, faster than the first quarter’s 4.5% pace.If the pace tops 4.5%, Malaysia will be the first Southeast Asian country to report an acceleration in growth in the second quarter. “This was associated with acceleration of manufacturing growth over the same quarter as was evident from the monthly industrial production figures,” he added.In April and again in May, Malaysia’s industrial production rose 4% from a year earlier, the strongest since October, supported by gains in electricity generation and mining. MYIP=ECI
Malaysia is Southeast Asia’s third-largest economy, and its major exports include palm oil and liquefied natural gas.
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