Malaysia's exports seen falling again in July

  • Economy
  • Tuesday, 03 Sep 2019

KUALA LUMPUR: Malaysia's exports likely fell 2.5% from a year earlier in July, a Reuters poll showed on Tuesday, declining for the second month in a row.

Estimates among the 11 economists surveyed, however, ranged widely between an annual decline of 6.3% and an expansion of 1.4%. In June, exports dropped 3.1% year-on-year as shipments to key markets tumbled and demand for manufactured goods slowed.

July's imports were forecast to fall 7% from a year earlier, slower than the 9.2% decline posted in June, the poll showed. Malaysia reports trade data in ringgit.

The country's trade surplus likely widened slightly to 10.7 billion ringgit ($2.55 billion) in July from 10.3 billion ringgit in June. ($1 = 4.1900 ringgit) - Reuters

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