Economy shows positive signs in October

Industrial production and retail sales drive economic growth.

KUALA LUMPUR: Malaysia’s economy has sustained positive growth during the first three quarters of 2023 and showed positive signs in October led by industrial production and retail sales, says the Statistics Department.

It said the consistent performance had contributed to a 3.9% growth in the economy in the first nine months of 2023, in contrast to the 9.2% growth recorded in the corresponding period in 2022.