Analysts: Third quarter GDP likely to have slowed


PETALING JAYA: Gross domestic product (GDP) growth in the third quarter is likely to have slowed due to weaknesses in supply side data and in line with a synchronised global slowdown, according to economists from two research houses.

Maybank IB Research is estimating for growth to slow to 4.3% year-on-year (y-o-y) on contractions in the mining output and construction works, as well as a moderation in the manufacturing and services indices amid a relatively stable key agriculture output of palm oil and rubber.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

banks , developers , housing ,

   

Next In Business News

US consumer confidence dropped to a 16-month low in June Premium
Fed officials promise rate hikes, push back on recession fears Premium
Oil price higher as major producers flag capacity limits Premium
Wall Street stumbles as consumer pessimism stokes growth fears Premium
Outlook upgrade a win for bonds Premium
Lagarde vows nimble ECB policy as hike plan proceeds Premium
Bursa Malaysia up on regional sentiment Premium
Rafidah Aziz is stepping down as chairman of AirAsia X Premium
S&P Global revises rating outlook on Petronas to stable Premium
PetDag to sell working inventory Premium

Others Also Read