Malaysia’s October exports top expectations, rise 0.2pct on-year

28-Nov-2020 Intellasia | Reuters | 6:02 AM Print This Post

Malaysia’s October exports rose 0.2 percent from a year earlier, beating expectations, on higher shipments of palm oil and manufactured goods, government data showed on Friday.

The median of five economists’ estimates in a Reuters survey had forecast a 0.8 percent decline. In September, exports had risen 13.6%.

Imports in October shrank 6 percent from a year earlier, compared to the 3.6 percent drop in September, data from the International Trade and Industry Ministry showed. Analysts were expecting a fall of 4.5%.

Malaysia’s trade surplus in October widened slightly to 22.1 billion ringgit ($5.43 billion) from 22 billion ringgit the previous month. ($1 = 4.0710 ringgit)


Category: Malaysia

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