Malaysia market falls further in fourth quarter

摘要

Malaysia - The Malaysian commercial vehicle market over two tons gvw continued to weaken in the fourth quarter of 2015, with sales estimated to have declined by just over 5% year-on-year to 22,095 units - based on various industry sources including some sales estimates. Annual economic growth in the country slowed to 4.5% in the fourth quarter from 4.7% in the third quarter and 5.3% in the first half of the year. Full-year GDP growth for 2015 came in at 5%, compared with 6% in 2014. Weighing on the economy in the fourth quarter was a slowdown in government spending and investment growth to 3.3% and 0.4% respectively; as well as a decline in crude oil and natural gas output - reflecting mainly the recent sharp fall in prices.