
Malaysia’s Gross Domestic Product (GDP) for 2014 is set to exceed Moody Analytics’ forecast of 5.3% as technology production and the construction sector are helping to offset a slowdown in the energy sector.
Moody’s Analytics, in its report today, said Industrial Production, which registered a strong finish in 2014, posed upside risk to its fourth quarter Malaysian GDP forecast results due tomorrow.
Malaysia’s Industrial Production Index grew 7.4% in December 2014 compared with the same month a year ago, mainly due to positive growth in all indices of manufacturing, mining and electricity.