The first quarter 2017 Malaysian GDP figures will be out on May 19. So…
Industrial production in 1Q17 did not grow as strongly as it did in the previous quarter. Nevertheless, manufacturing had swell of a time. Trade figures were very good, with both goods exports and imports grew double digits, which indicates both the external and the domestic demands are somewhat healthy. But in terms of net exports, I do not think it would contribute much to the GDP growth since import growth was stronger than export expansion.
Talking about the domestic market, the unemployment rate seems to have finally responded to the better economic environment. Eyeballing, the seasonally-adjusted UE for the quarter is about 0.2 percentage points lower than what seems to be the average for 2016. Core inflation is slightly up, also showing domestic demand is recovering, assuming this core inflation calculation by the Department of Statistics completely isolates cost-push inflation.
By the way, the 4Q16 GDP grew 4.5% YoY.
How fast do you think did the Malaysian economy expand in 1Q17 from a year ago?
- 3.5% or slower (0%, 0 Votes)
- 3.6%-4.0% (0%, 0 Votes)
- 4.1%-4.5% (29%, 2 Votes)
- 4.6%-5.0% (29%, 2 Votes)
- 5.1%-5.5% (14%, 1 Votes)
- Faster than 5.5% (29%, 2 Votes)
Total Voters: 7
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