PETALING JAYA: Statistics released by Bank Negara on Wednesday on the country’s second-quarter gross domestic product (GDP) to June showed that Malaysia’s current account remained in surplus mode, albeit narrowing sharply quarter-on-quarter and year-on-year to RM2.6bil from RM8.7bil on a comparative basis.
The drop was due to the lower goods trade surplus of RM18.7bil (first quarter: RM24.7bil) on the continued deficit in the services trade (second quarter: RM3.7bil, first quarter: RM3.4bil), primary income account (RM8.4bil, RM8.8bil) and secondary income account (RM4.1bil, RM3.8bil).