Malaysia: Upside surprise in GDP – ANZ
|ANZ analysts note that Malaysia’s Q2 economic activity produced a positive surprise for the second straight quarter.
Key Quotes
“We remain concerned about the underlying momentum.”
“Of particular note is the flat export performance, which alongside compressed public infrastructure spending, remains a drag on overall investment activity. Indeed, the stronger positive contribution to growth from net trade was due to a sharper contraction in imports rather than a recovery in exports.”
“Admittedly, private consumption held up better than expected despite headwinds faced by households.”
“Going forward, the revival of select infrastructure projects will provide some support to investment. Nonetheless, exports are key to a more significant upturn, the outlook for which remains clouded amid persistent trade tensions.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.