Thursday, December 7, 2017

FW: RHB | Malaysia | Exports Remain Robust in Early 4Q17

 

 

Economic Research

7 December 2017

Malaysia

 

Economic Update

 

 

 

Exports Remain Robust in Early 4Q17

 

Exports in MYR terms continued to be robust, gaining 18.9% YoY in October, and accelerating from +14.8% YoY in the previous month. This was due mainly to a low base effect. The growth was also driven by higher shipments of commodities and non-E&E products. Despite the stronger print in October, we expect nominal export growth to moderate to 6.5% YoY in 2018, after charting a strong growth of 17.8% YoY estimated this year. A normalisation in global trade activities (caused by a high base) and a slowdown in China would likely dampen the country’s export growth, moving forward.

 

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:

 

4 Dec : M3 Edges Higher, Loan Growth Eased in October

24 Nov : Inflation Slows On Lower Fuel And Food Prices

20 Nov : Wider Current Account Surplus Expected In 2018

20 Nov : Economic Growth Strongest In Three Years

16 Nov : MYR Hits One-Year High Amid Hawkish BNM

 

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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