Malasia PIB - Tasa de crecimiento anual

Malaysia's economy expanded 5.9% yoy in Q2 of 2024, compared with flash data of a 5.8% growth and a 4.2% rise in Q1. It was the highest GDP growth since Q4 of 2022, amid solid output across all sectors. Services activity accelerated (5.9% vs 4.8% in Q1), boosted by wholesale & retail trade. Also, manufacturing output picked up (4.7% vs 1.9%), lifted by non-metallic minerals, basic metal & fabricated metals; and petroleum, chemical, and rubber & plastics. Moreover, agriculture output jumped considerably (7.2% vs 1.7%), led by palm oil and livestock. Meantime, construction output gained momentum (17.3% vs 11.9%), buoyed by civil engineering and specialized construction. That said, mining and quarrying activity eased (2.7% vs 5.7%), due to moderation in natural gas. On a seasonally adjusted basis, the GDP advanced 2.9% qoq, accelerating from an upwardly revised 1.5% growth in Q1. During H1, the economy grew by 5.1%, stronger than a 4.1% rise in the same period of 2023.