|PERCENTAGE CHANGE FROM CORRESPONDING QUARTER OF PRECEDING YEAR|
|2015||Q1 2015||Q2 2015||Q3 2015||Q4 2015||Q1 2016||Q2 2016|
|PERCENTAGE CHANGE FROM PRECEDING QUARTER|
|Seasonally Adjusted GDP||1.4||0.9||0.9||1.2||1.0||0.7|
GDP by Production Approach
Services sector strengthened to 5.7 per cent from 5.1 per cent in the previous quarter. Wholesale & Retail Trade (6.6%) and Information & Communication (8.8%) remained as the key drivers of Services sector. This sector performance was further supported by Business Services which improved further to 7.9 per cent.
Manufacturing sector continued a positive momentum albeit at a moderate pace of 4.1 per cent (Q1 2016: 4.5%). The growth was supported by Electrical, Electronic & Optical products (8.8%) and Petroleum, Chemical, Rubber & Plastic products (5.5%). Moreover, Non-metallic Mineral products, Basic Metal & Fabricated Metal products increased 5.3 per cent (Q1 2016: 4.9%).
Construction sector augmented to 8.8 per cent (Q1 2016: 7.9%). Civil Engineering maintained its stronghold by registering a growth of 18.9 per cent and continued to support the Construction sector. Furthermore, Residential Buildings advanced to 9.2 per cent propelled by properties development.
GDP by Expenditure Approach
Private Final Consumption Expenditure rose at a faster pace of 6.3 per cent (Q1 2016: 5.3%) driven by higher consumption on food & beverages, communication and transportation.
Gross Fixed Capital Formation (GFCF) elevated to 6.1 per cent (Q1 2016: 0.1%) stimulated by the growth of Structure at 5.9 per cent and the sharp rebound in Machinery & Equipment to 8.1 per cent. Private Sector with a share of 73.1 per cent, posted a growth of 5.6 per cent and has led the momentum of GFCF in this quarter. Meanwhile, Public sector accelerated to 7.5 per cent (Q1 2016: -4.5%).
Exports rebounded to 1.0 per cent in this quarter which was driven by an improvement in exports of goods and services. Imports also posted a positive growth of 2.0 per cent due to a recovery in imports of goods.
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
12 August 2016
Ho Mei Kei
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my