Malaysian Oct exports, imports seen falling again: poll
[KUALA LUMPUR] Malaysia is expected to report exports in October fell for the second month in a row, a Reuters poll showed, due to a higher base of comparison with last year and despite a recovery in commodity prices.
Economists surveyed by Reuters forecast exports fell 5.8 per cent in October, nearly twice the pace as in September. Individual estimates ranged from a 4.8 per cent fall to a 10 per cent decline.
Shipments have been pressured by weak oil prices and a slump in demand for manufactured goods.
Imports in October were forecast to dip 0.2 per cent from a year earlier, little changed from a 0.1 per cent fall in September.
Malaysia's trade surplus is expected to widen slightly to RM8.1 billion (S$2.59 billion), from RM7.6 billion in September.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin
Middle East tensions threaten global progress on inflation: World Bank
Heatstroke kills 30 in Thailand this year as South-east Asia bakes
Thailand to appoint former energy executive Pichai as finance minister, sources say