Advance GDP
MALAYSIA’S third-quarter (3Q) 2025 gross domestic product (GDP) data is due this week.
Bloomberg estimates 3Q GDP growth at between 3.4% and 4% year-on-year (y-o-y), while UOB Global Economics & Markets Research projects growth of 3.6%.
The country’s GDP grew by 4.4% in 2Q compared with the same period a year earlier. According to Trading Economics’ global macro models and analyst projections, the GDP annual growth rate is expected to be 4.5% by the end of this quarter.
The Statistics Department is also expected to announce the September 2025 trade data this week. UOB estimates exports to grow 3.5% y-o-y in September, up from 1.9% in August, while imports are expected to rise 4% after a 5.9% contraction in August, resulting in an estimated trade surplus of RM12.8bil compared with RM16.1bil in August.
Singapore 3Q growth figures
SINGAPORE’S Trade and Industry Ministry is expected to release its advance GDP estimates for 3Q this week, together with the Monetary Authority of Singapore’s (MAS) Monetary Policy Statement.
Advance estimates for Singapore’s 3Q GDP are expected to show growth of 0.5% quarter-on-quarter (seasonally adjusted) and 1.9% y-o-y, compared with 1.4% quarter-on-quarter and 4.4% y-o-y in 2Q, according to Bloomberg and UOB projections.
ING expects the republic’s 3Q GDP to grow 1.8% y-o-y, weaker than the 4.4% recorded in the previous quarter, but higher than its earlier forecast of 1%. While core inflation has been weaker than expected, the bank believes MAS is likely to reserve its policy space for later should growth slow.
China data
CHINA is expected to release its new loans, trade, and inflation data this week, with trade figures likely to show that external demand remains a key driver of the economy’s growth.
ING expects China’s exports to rebound by 7.6% y-o-y in September, while imports are likely to record an increase of 2.3%, resulting in a trade surplus of about US$99.7bil for the month.
