Malaysia’s August export growth seen slowing to 5.7pct y-o-y

04-Oct-2018 Intellasia | Theedge Markets | 6:00 AM Print This Post

Malaysia’s exports likely grew 5.7 percent in August from a year earlier, slower than the previous month, a Reuters poll showed.

Growth estimates among the 11 economists surveyed, however, ranged widely between a rise of 2.6 percent and 9.2 percent.

Exports had risen 9.4 percent in July from a year earlier on higher shipments to China and increased demand for manufactured goods.

The country’s imports were forecast to rise 10.1 percent in August from a year earlier, marginally down from a 10.3 percent expansion the previous month.

Malaysia reports trade data in ringgit.

The trade surplus in Malaysia is expected to widen to RM9 billion (US$2.18 billion) in August, from RM8.3 billion in July.

(US$1 = RM4.1370)


Category: Malaysia

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