Malaysia's economic growth improved in the three months ended September, figures from the Department of Statistics showed Friday.
Gross domestic product advanced 4.3 percent year-over-year in the third quarter, faster than previous quarter's 4.0 percent rise.
Moreover, the rate of expansion accelerated for the first time since the second quarter of 2015.
On the production side, services sector grew notably by 6.1 percent on year. The momentum in manufacturing and construction sectors also have boosted the overall economic performance.
On the expenditure approach, the economy was spearheaded by private final consumption expenditure and gross fixed capital formation. Both exports and imports fell by 1.3 percent and 2.3 percent, respectively. Quarter-on-quarter, GDP climbed a seasonally adjusted 1.5 percent from the second quarter, when it gained by 0.7 percent.
Separately, the statistical office also revealed that the current account surplus of the country rose to MYR 6.0 billion in the third quarter from MYR 1.9 billion in the second quarter.
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