RHB | Malaysia | Exports Continued To Expand In July, Albeit At Slower Pace

Economic Research	04 September 2015
Malaysia
Economic Highlights
Exports Continued To Expand In July, Albeit At Slower Pace Export growth moderated to 3.5% y-o-y in July, from +5.0% in June and compared to -6.7% in May. The reading in July, however,marked the first back-to-back expansion and the second fastest growth this year. While exports of electrical and electronic (E&E) and non-E&E moderated during the month, commodity exports fell by a smaller magnitude to partly mitigate the slowdown. Stripping out seasonal factors and measured on a 3-month moving average basis, exports rebounded for the first time in six months suggesting that the underlying trend of external demand for the country’s exports is improving gradually. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
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