Malaysia’s Economic Growth Beats Estimates in Third Quarter

Malaysia’s economy expanded faster than expected in the third quarter on gains in the services and manufacturing sectors, putting the Southeast Asian nation on track to meet the government’s revised annual growth forecast.

Gross domestic product grew 5.3% in the July-September period from a year ago, according to advance estimates from the Malaysia’s Department of Statistics on Monday. That’s higher than the 5.1% median prediction in a Bloomberg survey.