You are here

Malaysia's export growth seen slowing in August: poll

[KUALA LUMPUR] Malaysia's export growth is expected to slow down in August, a Reuters poll showed, after accelerating a month earlier.

A poll of 11 economists saw a median forecast of 19.2 per cent annual growth in August exports, a sharp dip from July's 30.9 per cent.

Malaysia has seen double-digit growth in exports over the past eight months, peaking at 32.5 per cent in May.

August imports are seen growing 21 per cent on year, slightly slower than the 21.8 per cent growth in the previous month.

The August trade surplus is seen rising to RM9.6 billion (S$3.09 billion), up from RM8 billion in July.

REUTERS

sentifi.com

Market voices on: