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Economy1 min read
Malaysia Q3 Growth Slows to 5.3% in Advance Estimate
Growth eased from the prior quarter as services, manufacturing and construction expanded, while mining and quarrying contracted.
Key takeaways
- Malaysia’s economy grew 5.3% year on year in the third quarter, down from 6% in the second quarter.
- Mining and quarrying fell 4.9%, while services, manufacturing and construction grew.
Malaysia’s economy grew 5.3% year on year in the third quarter, slowing from 6% in the previous quarter, according to official advance estimates released Friday.
Services rose 5.4%, manufacturing grew 7.5% and construction expanded 6%. Mining and quarrying was the only sector to contract, falling 4.9% from a year earlier.
The statistics department said final third-quarter GDP data will be released on Nov. 18.
Topics
Malaysia
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
