Malaysia’s export growth slow increase in November

Malaysian exports are foreseen to increase at a slower annual pace compared to the prior month last year, according to the polls from Reuters. Nevertheless, growth is presumed to stay steadfast because of strong demand globally.

Survey of exports from economists forecasted to rise by 13.9 percent in November against last year, as it declined from 18.9 percent in October. On the other hand, independent assumption ranges from 9.2 to 17.2 percent.

The country had a double increase in growth in exports in the past 11 months, reaching 32.5 percent in May 2017.

Imports have also increased its annual growth by 13.9 percent in November, as it abruptly declines to 20.9 last month.

The trade surplus last October at 10.6 billion ringgit is presumed to slightly expand to 10.9 billion ringgit in November.