AmResearch is likely to raise its third quarter GDP estimate to between 4.5 and 5 per cent from its earlier range forecast of 4 to 4.5 per cent.
"In line with the recent developments in the manufacturing and exports, we reaffirm our call that the latest GDP number would remain much stronger than the second quarter," said the firm's economic research director, Manokaran Mottain.
The third quarter GDP numbers would be out on Nov 18.
In Amresearch's Economic Update today, Manokaran said the country's industrial output would still surprise the market again in September amidst continued global economic woes.
"We estimate the overall Industrial Production Index (IPI) would have remained at healthy levels of around 4.0 per cent," he said. - Bernama
"In line with the recent developments in the manufacturing and exports, we reaffirm our call that the latest GDP number would remain much stronger than the second quarter," said the firm's economic research director, Manokaran Mottain.
The third quarter GDP numbers would be out on Nov 18.
In Amresearch's Economic Update today, Manokaran said the country's industrial output would still surprise the market again in September amidst continued global economic woes.
"We estimate the overall Industrial Production Index (IPI) would have remained at healthy levels of around 4.0 per cent," he said. - Bernama
