Malaysia's services, manufacturing growth set to continue in 2023, says Moody’s Analytics

Malaysia’s services and manufacturing growth, the big factor behind the country’s strong third-quarter (3Q) gross domestic product print, is projected to continue in 2023.

马来西亚的服务业和制造业增长是该国强劲的第三季度 (3Q) 国内生产总值打印背后的重要因素，预计将在 2023 年继续。

Moody’s Analytics, in its latest Asia Pacific Economic Preview report, said the stronger year-on-year growth of 14.2% in 3Q exceeded expectations, with consumption and investment contributing significantly to the growth.

Moody’s Analytics在其最新的亚太经济预览报告中表示，第三季度 14.2% 的同比增长超出预期，其中消费和投资对增长贡献显着。

It said the influx of tourists pushed up demand for the retail trade, accommodation, and food and beverage sectors, and growth in these industries will likely be carried into early 2023.

它表示，游客的涌入推高了零售业、住宿和食品饮料行业的需求，这些行业的增长可能会持续到 2023 年初。

Exports of manufacturing products stayed resilient, despite the downturn in China, with growth to remain robust next year, said Moody’s Analytics.

Moody’s Analytics表示，尽管中国经济低迷，但制造业产品出口仍保持弹性，明年将保持强劲增长。

“The electronics sectors continued to grow, spurred by demand for semiconductor chips.

“在半导体芯片需求的推动下，电子行业继续增长。

“Malaysia houses several major semiconductor producers, and exports will likely remain robust next year,’’ it said.

“马来西亚拥有几家主要的半导体生产商，明年出口可能会保持强劲，”它说。

Moody’s Analytics added that as a net exporter of crude oil and palm oil, Malaysia stands to benefit from higher commodity prices.

Moody’s Analytics补充说，作为原油和棕榈油的净出口国，马来西亚将从商品价格上涨中受益。

It noted that both mining and agriculture picked up in 3Q. These industries were affected by labour issues earlier during the Covid-19 pandemic.

它指出，矿业和农业在第三季度均有所回升。在 Covid-19 大流行期间，这些行业早些时候受到劳工问题的影响。