Sept exports -6.8% y/y vs -0.1% forecast in Reuters ballot
Sept exports -6.8% y/y vs -0.1% forecast in Reuters ballot
Sept imports +2.4% y/y vs ballot forecast 1.1%
Sept commerce surplus 8.Three bln rgt vs ballot forecast 14.Four bln rgt
Exports to China -3% y/y; Exports to U.S. +6.6%
KUALA LUMPUR, Nov 4 (Reuters) – Malaysian exports in September recorded their largest decline in almost three years amid subdued demand from main commerce companions, authorities knowledge confirmed on Monday.
Exports shrank 6.8% in September from a yr earlier, widening from the 0.8% drop posted within the earlier month.
September’s export numbers got here in far decrease than analysts’ forecast for a marginal drop of 0.1%. The month’s figures had been the worst export efficiency since October 2016, when shipments fell 8.5% on-year.
Exports to China, one in all Malaysia’s largest commerce companions, fell 3% on decrease demand for electrical and…