Malaysia’s Q3 GDP grows faster than expected
by ChemOrbis Editorial Team - content@chemorbis.com
According to data released by central bank and Malaysia’s Department of Statistics, the country’s economy grew faster than expected in the third quarter of 2023. The momentum was mainly driven by higher consumer spending.
Malaysia’s gross domestic product (GDP) grew by 3.3% in the July-September period, beating analysts’ expectations of a 3% expansion.
The country’s services sector grew by 5% when compared to a year ago, while construction registered a growth of 7.2%. Manufacturing decreased for the first time in two years amid sluggish external demand, meanwhile.
Malaysia’s gross domestic product (GDP) grew by 3.3% in the July-September period, beating analysts’ expectations of a 3% expansion.
The country’s services sector grew by 5% when compared to a year ago, while construction registered a growth of 7.2%. Manufacturing decreased for the first time in two years amid sluggish external demand, meanwhile.
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