Malaysian economy beat market expectations with gross domestic product -3.9%

The Malaysian economy beat market expectations with gross domestic product contracting 3.9 per cent in the second quarter, versus a consensus forecast by private economists of minus 5.1 per cent. The governor said the manufacturing sector’s pace of decline slowed due to an improvement in production on inventory stocking and higher domestic consumption. Zeti said the construction sector expanded further as the stimulus measures began to be reflected in higher activities in the non-residential and civil engineering subsectors.

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