Malaysia’s August exports rise 12.1% yoy, slightly above forecast

MALAYSIA’S exports rose 12.1 per cent in August from a year earlier, slightly above market expectations, government data showed on Thursday (Sep 19).

Exports had been expected to grow 11.8 per cent, according to a Reuters poll of economists. Imports in August grew 26.2 per cent from a year earlier, data from the trade ministry showed, stronger than the 21.2 per cent increase analysts had forecast in the poll.

Malaysia recorded a trade surplus of RM5.67 billion (S$1.7 billion) in August, well below the poll forecast of an RM11 billion surplus. REUTERS