KUALA LUMPUR, Aug 14 – Bank Negara Malaysia Governor Datuk Abdul Rasheed Ghaffour said growth remained broad-based, supported by domestic demand and strong export performance.
“Both electrical and electronics (E&E) and non-E&E exports were growing, alongside support from ICT services,” Abdul Rasheed told a joint press conference here today.
The services sector grew 5.9 per cent, manufacturing 7.3 per cent, mining and quarrying 9.2 per cent, and construction 6.5 per cent, while agriculture contracted 3.7 per cent.
Private consumption increased 4.8 per cent, while private investment rose 4.3 per cent.
Abdul Rasheed said growth for the full year was expected to be around 5 per cent, although BNM would retain its existing 4 to 5 per cent forecast range for now.
