December

• Exports gained by 4.3% in November 2020
• Monthly Economic Updates
• CPI Continued to Decline For Ninth Straight Month
• Weekly Market Updates 21 December 2020
• Unveiling Opportunities Within The Rubber Industry
• Fed Holds Rates Steady And Signals Low Rates To Remain Through 2023
• Weekly Market Updates 14 December 2020
• Malaysia’s 3-month IPI growth streak snapped in October on mining slump
• Weekly Market Update For The Week Ended 4 December 2020

November

• Exports growth softened to a tune of 0.2% in October 2020
• IPI inched higher in September
• CPI saw negative growth for the eighth consecutive month in October 2020
• IPI inched higher in September
• Weekly Updates for Week Ended 20 November 2020
• IPI inched higher in September
• GDP Preview: Economic Growth Could Reach Positive Territory in 3Q2020
• IPI inched higher in September
• The FOMC stood pat on interest rates
• Budget 2021 Preview
• OPR maintained at 1.75%
• Economic Research – Monthly Economic Updates

October

• Weekly Updates for Week Ended 9 October 2020
• Economic Research – Monthly Economic Updates

September

• Malaysia’s exports declined in August
• Weekly Updates for Week Ended 28 September 2020
• CPI Deepened by 1.4% during August 2020
• Weekly Updates for Week Ended 18 September 2020
• Economic Updates: The FOMC held interest rate near zero
• Weekly Updates for Week Ended 11 September 2020
• IPI rebounded by 1.2% in July
• BNM keeps OPR unchanged at 1.75%

August

• GDP preview – economic growth could contract by 7.0% in 2Q2020
• Better than expected IPI in June

July

• Exports gained its momentum, grew by 8.8% in June
• CPI posted slower decline at 1.9% in June
• IPI plunged by 22.1% in May albeit improving from 32.0% fall previously
• Economic Outlook 2H2020 – Gradual recovery

June

• IPI slumped 32.0% in April, an all-time low
• Exports plunged by 23.8% in April – the lowest since September 2009

May

• Negative CPI print in April 2020. But it’s not deflation
• Malaysia’s GDP growth was flat in the 1Q2020
• GDP preview – economic growth could ease to 1.0% in 1Q2020
• Exports contracted by 4.7% in March

April

• Negative CPI Print in March 2020
• IPI accelerated to 5.8% in February
• Exports unexpectedly increased in February
• BNM Annual Report for 2019 – It’s getting chilly…and…eerie

March

• Benign inflation at 1.3% in February
• Exports plummeted again by 1.5% in January

February

• Inflation picked up in January by 1.6%
• GDP grew by 3.6% in 4Q2019, slowest quarterly growth since 2009
• GDP growth could soften to 4.3% in 4Q2019
• IPI growth was modest in December 2019
• Exports turned positive at 2.7% in December

January

• BNM cut the OPR by 25 bps to 2.75% while inflation rate remained modest
• IPI grew at a decent rate in November
• Exports continued to fall by 5.5% in November 2019

December

• The US FFR held steady at between 1.50% -1.75%
• IPI grew marginally by 0.3% in October
• Exports plummeted again by 6.7% in October

November

• CPI sustained at 1.1% in October
• GDP grows markedly slower at 4.4% in 3Q2019
• GDP growth could moderate to 4.3% in 3Q2019
• IPI growth sustained at 1.7% in September
• BNM set the OPR for a pause at 3.00%
• Exports dropped further by 6.8% in September

October

• Exports continued to fall by 5.5% in November 2019
• Budget 2020 preview: Government to play more active role
• Exports fell unexpectedly in August by 0.8%

September

• CPI appreciated by 1.5% in August
• The US Fed cut rates again by 25 basis points
• OPR stays at 3.00%. BNM is not in a hurry to cut rates
• Lower IPI growth in July
• Exports growth surprised on the upside in July

August

• Better-than-expected 2Q2019 GDP growth but…
• Preview for 2Q2019 GDP – expect growth to be sustained at 4.5%
• IPI growth fairly stable at 3.9% in June
• Exports shrunk 3.1% in June
• US FOMC – insuring against downside risk

July

• Economic outlook for 2H2019 – on high alert
• Welcome back inflation!
• IPI maintained at 4.0% in May. Cautious view advised
• OPR left at 3.00% but the accompanying statement is cautious
• Exports still decent in May

June

• CPI maintained at 0.2% in May
• The US Fed has become more dovish
• Exports rebounded to 1.1% in April

May

• Softer CPI at 0.2% in April
• Malaysia’s 1Q2019 GDP at 4.5%
• 1Q2019 GDP preview – Moderate growth to prevail
• IPI higher by 3.1% in March
• OPR reduced to 3.00%
• Exports edged down by 0.5% in March

April

• Inflation is back again. But only at 0.2% in March
• IPI in February – shifting into lower gear
• Exports fell 5.3% in February. Surprised on the downside

March

• BNM Annual Report for 2018 – easing monetary policy is warranted
• Second month of deflation…
• US FFR kept at 2.25% – 2.50% – status quo for now
• IPI grew 3.2% in January
• OPR kept at 3.25% but MPC members leaned on the softer side

February

• IPI accelerated to 3.4% in December 2018
• Malaysia’s GDP grew 4.7% in 4Q2018
• Deflation seen in January at -0.7%

January

• US FOMC – patience is a virtue
• Inflation remain subdued at 0.2% in December
• IPI grew moderately at 2.5% in November
• Slower exports growth at 1.6% in November

December

• Economic Outlook 2019 – “The Inconvenient Truth”
• Inflation rate rises modestly in November
• IPI boosted at 4.2% in October
• Exports surged “beyond expectation” at 17.7% in October

November

• Rising inflation rate – slowly but surely
• 3Q2018 GDP – saved by the consumers
• IPI growth: fairly modest in September
• OPR at 3.25%, BNM increasingly dovish
• Export rebounded 6.7% in September
• Budget 2019…it make sense!

October

• Budget 2019 preview – making sure the house in order
• Benign inflation rate in September
• Mid-Term Review of 11th Malaysian Plan
• IPI grew moderately at 2.2% in August
• Exports fell 0.3% in August

September

• IPI grew 2.6% in July, momentum slowing
• Inflation rate diminished to 0.2% in August