75505
Malaysia has seen double-digit growth in exports over the past nine month.
Malaysia has seen double-digit growth in exports over the past nine month.

Malaysia Exports Below Forecast

Malaysia Exports Below Forecast

Malaysia’s September exports rose 14.8% from a year earlier, slowing in pace for the second month in a row, despite strong demand for manufactured goods in China and Europe.
Export growth was below the 18% rise forecast by a Reuters poll, and sharply down from 21.5% in August and July’s 30.9%, Reuters reported.
Malaysia has seen double-digit growth in exports over the past nine months, peaking at 32.5% in May. Shipments of manufactured goods, which accounted for more than four-fifths of Malaysia’s total exports, were up 17.1% from a year earlier in September, data from the International Trade and Industry Ministry showed.
Most of the manufactured goods were electrical and electronic products. Shipments of agricultural goods, however, declined 1.8% from a year earlier, the data showed.
September’s imports grew 15.2% from a year earlier to 69.7 billion ringgit ($1.61 billion), down from the 22.6% growth posted in August. The trade surplus in September narrowed to 8.6 billion ringgit from August’s 9.9 billion ringgit.
Malaysia reports trade data in ringgit. The currency has been one of Asia’s best-performing ones this year, strengthening about 6% this year.
Exports to China remained robust, rising 27.1% from a year earlier, while those to the United States grew 10.7%. Shipments to the European Union rose 16.2%, with exports of electrical and electronic products rising 28.5% from a year earlier to 4.4 billion ringgit, the highest monthly export value ever recorded.

Short URL : https://goo.gl/ek8ifL
  1. https://goo.gl/VdD5NN
  • https://goo.gl/JE6BS8
  • https://goo.gl/JQxKyS
  • https://goo.gl/5eJ4No
  • https://goo.gl/QLs5Mp

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus