Malaysia's economy likely grew 3.3% in Q3 - statistics dept

KUALA LUMPUR: Malaysia's economy likely grew by 3.3% in the third quarter of the year, the statistics department said on Friday, citing advance estimates.

This compares to 2.9% in the previous quarter, the department said in a report.

It was the first time in recent years that Malaysia has released advanced estimates for gross domestic product (GDP).

In terms of quarter-on-quarter performance, it said the economy turned around to 5.2% from a 0.8% decline in the second quarter of the year.

The performance was attributed to the growth in the services, construction and agriculture sectors, the department said. - Reuters