Office: Malaysia’s GDP shows a slightly drop outlook at 3% in the Q4 2023, compared to 3.3% in Q3 2023. The Services sector largely contributed to this economic performance, maintaining positive growth across all sector.
Retail: The upward trend was fueled by every subsector which consisted of motor vehicles, retail trade and wholesale trade with 16%, 2.6% and 5.5% accordingly. Besides, registering at 152.3 points, the wholesale and retail trade sectors exhibited a year-onyear growth of 3.5% in terms of volume index.
Industrial: The increase in the manufacturing sector was particularly notable, rising to 3.7% from a negative 1.4% in the previous month. This growth was driven by the performance of domestic-oriented industries, which saw an 8% increase, as well as a positive growth of 1.6% in export-oriented industries.
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