KUALA LUMPUR, Malaysia--Malaysia's economy grew faster than expected in the second quarter ended June, anchored by growth in the private and public sectors, and a broad-based expansion in exports of manufactured goods and commodities.
Gross domestic product rose 5.8% in April-June from the same period a year earlier, according to the country's central bank, Bank Negara Malaysia, on Friday.
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The figures for the quarter exceeded the 5.6% growth recorded in the first quarter of this year. It was also faster than the median 5.4% growth forecast from a Wall Street Journal poll of 13 economists earlier this week.
On a sequential basis, a closer measure of the economy's recent momentum, Malaysia's economy grew 1.3% on a seasonally adjusted basis in the latest quarter.
2nd Qtr 1st Qtr
Gross Domestic Product +5.8% +5.6%
Manufacturing +6.0% +5.6%
Services Sector +6.3% +5.8%
Mining Sector +0.2% +1.6%
Agriculture Sector +5.9% +8.3%
Construction Sector +8.3% +6.5%
Private Sector Consumption +7.1% +6.6%
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(END) Dow Jones Newswires
August 18, 2017 00:14 ET (04:14 GMT)