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

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

Malaysia's exports are expected to rise 6.2% in October from a year earlier, slightly slower than the previous month's pace.

A tugboat guides the Orient Overseas Container Line’s (OOCL) Malaysia container ship, into dock after arriving at the container terminal in Southampton, UK. (Bloomberg pic)
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 RM12.6 billion in October, down from a record RM15.3 billion in September, the largest trade surplus in a decade.

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