Ambank Research expects Malaysia’s 2Q2018 GDP around 5.5% -5.7%

KUALA LUMPUR (July 13): AmBank Group Research said as expected, Malaysia’s industrial production (IP) grew moderately by 3.0% year-on-year (y/y) in May due to slower growth from all the sub-indices i.e. manufacturing (+4.1% y/y) and electricity (+2.6% y/y) with mining down -0.5% y/y.

In a note today, AmBank group chief economist and head of research Dr Anthony Dass said weaker growth fell in tandem with softer May’s exports and imports reported at 3.4%y/y and 0.1%y/y respectively.

Besides, the Purchasing Managers Index in May read at 47.6%, he said.