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Economy

Malaysia's GDP accelerates to 4.9% growth, bucking Asian trend

Rise led by consumption and factory output uptick, but economists cautious

KUALA LUMPUR -- Stronger household consumption and manufacturing output led Malaysia to 4.9% year-on-year growth in the April-June quarter as the country remained one of Southeast Asia's most vibrant economies, many of which are vying for trade that is being diverted by the U.S.-China rift.

The latest gross domestic product figure, announced on Friday by Malaysia's central bank, was slightly higher than the median forecast of economists polled by Reuters, and accelerated from the 4.5% recorded in the previous quarter.

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