Malaysia’s October exports seen down 12.6% year-on-year – Reuters poll

KUALA LUMPUR: Malaysia’s exports likely fell for a third straight month in October, and at a much sharper pace than in September, as global electronics demand remained weak, a Reuters poll showed on Monday.

The median forecast among 11 economists surveyed was for October exports to decline 12.6% from a year earlier, nearly double the pace of the 6.8% contraction in September.

Imports in October are also seen down at 6.7% year-on-year, compared with the 2.4% expansion the month before, the poll showed.

The country’s trade surplus in October likely expanded to RM10.6 bil from September’s RM8.3 bil.

Malaysia’s report on trade data is due on Dec 4. – Reuters

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