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Q3 GDP growth at 4.4%

  • Bank Negara says the Malaysian economy grew 4.4% in the third quarter of 2019, lower than 4.9% in the second quarter.

KUALA LUMPUR, Nov 15 (Bernama) -- The Malaysian economy grew 4.4 per cent in the third quarter of 2019, moderately lower compared with 4.9 per cent in the second quarter, says Bank Negara Malaysia (BNM).

Governor Datuk Nor Shamsiah Mohd Yunus attributed the lower gross domestic product (GDP) performance to lower growth in key sectors such as services, manufacturing and agriculture as well as a decline in the mining and construction activities.

"On the demand side, most domestic demand components and net exports also registered slower growth momentum," she told a media briefing on Malaysia's third-quarter GDP performance, here today.

 

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