malay03

Malaysia’s Oct export growth seen easing to 6.2% year-on-year

  • Dec 04, 2018

KUALA LUMPUR: Malaysia’s exports are expected to rise 6.2% in October from a year earlier, slightly slower than the previous month’s pace, a Reuters poll showed.

Growth estimates among the 10 economists surveyed, however, ranged widely between an annual rise of 4.6% and 17.4%.

In September, exports grew 6.7% year-on-year, driven by demand for manufactured and mining goods.

Malaysia’s import growth in October is expected to rebound to 2.8% from a year earlier, after falling 2.7% the previous month.

The trade surplus is expected to narrow to 12.6 billion ringgit ($3.03 billion) in October, down from a record 15.3 billion ringgit in September, the largest trade surplus in a decade. – Reuters

Source: https://www.thestar.com.my/business/business-news/2018/12/04/malaysias-october-export-growth-seen-easing-to-6dot2-percent-year-on-year/#42JAYmQTflcomFeR.99