Exports set for further growth in second half

HLIB Research said Malaysia’s trade performance is expected to continue improving in the second half of the year.

PETALING JAYA: The country’s export growth is expected to strengthen further in the second half of this year (2H24), driven by the shipments of manufactured goods, including the electrical and electronics (E&E) segment.

In its report, CGS International (CGSI) Research said E&E growth would likely be accommodating for the rest of the year, following 2H23’s low base and strong growth in global semiconductor sales thus far.