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Malaysia’s export growth slow increase in November


Január, 04 2018
watermark Economic news

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.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.