Malaysia’s GDP Grows Faster in Third Quarter, Aided by Spending

11/17/2023 11:56
Malaysia’s GDP Grows Faster in Third Quarter, Aided by Spending

Malaysia’s economic growth accelerated in the third quarter as consumer spending along with the services and construction sectors helped counter the impact of faltering exports.

Malaysia’s economic growth accelerated in the third quarter as consumer spending along with the services and construction sectors helped counter the impact of faltering exports.

Gross domestic product expanded 3.3% in the July-September period from a year ago, according to the central bank and the Department of Statistics Malaysia on Friday, in line with the preliminary readingBloomberg Terminal last month and from a 2.9% gain in the second quarter. The economy rose 2.6% quarter-on-quarter.

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