Economic growth expected to slow in 4Q

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The story "Economic growth expected to slow in 4Q" was covered 3 hours ago by The Star, a news publisher based in Malaysia.

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The Star 3h ago

Economic growth expected to slow in 4Q - The Star

Quick Summary:

PETALING JAYA: Despite the rise in Malaysia’s November 2024 industrial production index (IPI) released last Friday that beat estimates, economic growth momentum is expected to grow at a slower pace reflective of the slower gains in manufacturing activities in the fourth quarter ended Dec 31, 2024 (4Q24) period versus the 3Q24 period.

The IPI, which measures productivity in manufacturing, electricity and mining, rose to a three-month high of 3.6% year-on-year (y-on-y) in November beating the market consensus of 2.5%.

It pointed to a contraction in the country’s December 2024 purchasing managers’ index (PMI) as highlighting persistent challenges, including a decline in external demand since March.