August inflation up 2% on-year, lower than expected thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
July inflation rate climbs on higher fuel prices thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Malaysia’s labour productivity, measured as value added per employment, turned around to record a 13.6% growth from a year ago due to the low base then.
KUALA LUMPUR - Malaysia recorded its slowest economic contraction in a year, slipping 0.5 per cent compared with the first quarter of 2020 despite continuing to grapple with a persistent wave of Covid-19 infections.
The modest decline provides some hope of a rebound after gross domestic product (GDP) shrank 5.6 per cent in 2020 following three consecutive quarters of negative growth. All economic sectors registered an improvement, said chief statistician Uzir Mahidin in a joint virtual press conference with the central bank on Tuesday (May 11).
However, manufacturing was the only sector to register growth (6.6 per cent compared with 3.0 per cent in the fourth quarter of 2020), while others merely slowed their fall.