Malaysia's economic growth at 3.4% in 4Q23 - DoSM

KUALA LUMPUR: Malaysia's economy is estimated to grow by 3.4 per cent in the fourth quarter of 2023 (4Q 2023), as compared to 3.3 per cent in the previous quarter, said the Department of Statistics (DOSM) today.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the services sector spearheaded the economic performance in 4Q, with all other sectors experiencing positive growth.

"The services sector increased by 4.7 per cent in 4Q 2023 backed by wholesale and retail trade, transport and storage as well as business services sub-sectors," he said in a statement today. - Bernama