FW: RHB | Malaysia | Exports Slowing, 3Q Growth Strongest Since 2010

 

 

 

Economic Research			6 November 2017
Malaysia
Economic Update
Exports Slowing, 3Q Growth Strongest Since 2010   Exports retained a healthy pace of a 14.8% YoY growth in September, albeit slowing from +21.6% in the previous month amid a waning low-base effect. Nevertheless, September’s reading still rounded up 3Q with the strongest quarter in seven years. Moving forward, given the fading base-effect, we expect export growth to be sustained at 6.5% in 2018, albeit slowing from an estimated 15.2% this year. Overall, the external outlook continues to be supported by: 1.   Improving global growth prospects, moving into 2018; 2.   Strong global E&E demand, as seen in the recovery of global semiconductor sales; 3.   Stable demand for commodity products, holding up export prices.   Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist:  Aris Nazman Maslan  | +603 9280 2184
To access our recent reports please click on the links below:   01 Nov : M3 Eases Lower From a Two-Year High 27 Oct : MOF Economic Report 2017/2018 - Growth To Be Sustained As Fiscal Deficit Narrows 24 Oct : Services Sector Drags Approved Investments 20 Oct : Inflation Picks Up Further on Higher Fuel Prices 20 Oct : Business Confidence Slips On Weaker Orders
Economics Team
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam,	vincent.loo@rhgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

 

 

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