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Malaysia's GDP grew 5.9% year on year in the fourth quarter of 2017, above the 5.8% consensus, marking the sixth straight quarter of upside surprises. Full-year 2017 growth of 5.9% beat the official forecast.
Strong domestic spending and better terms of trade from higher commodity prices drove the expansion.
Strong growth supports the ringgit and allows Bank Negara to keep normalizing policy, which can lower dollar-priced import costs for Malaysian feed buyers. Higher commodity prices also improve Malaysia's terms of trade.
think.ing.comFeb 14, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
