FW: RHB | Malaysia | November Export Growth Healthy Albeit Slow

 

 

Economic Research			8 January 2018
Malaysia
Economic Update
November Export Growth Healthy Albeit Slow   Exports in MYR terms maintained a healthy pace of 14.4% YoY in November, albeit easing from the previous month. This was due mainly to a slower growth in shipment of commodities and non-E&E products as well as a sharp strengthening of MYR. Looking forward, we expect nominal export growth to moderate to 6.5% in 2018, after charting a strong growth of 17.8% estimated this year. A normalisation in global trade activities (caused by a high base) and slowdown in China would likely dampen the country’s exports moving forward. A tax cut boost to US economic growth, however, could provide some mitigation, in our view.   Economists: Vincent Loo Yeong Hong  | +603 9280 2172 Aris Nazman Maslan  | +603 9280 2184
To access our recent reports please click on the links below:   04 Jan : US Tax Bill Positive For Malaysia In 2018 02 Jan: M3 Grows Steadily In November, Loans Slow Further 21 Dec: Inflation Moderates Further In November 14 Dec: Strong Headline GDP But Weak Ground Sentiment 13 Dec: Easing October IPI On Weaker Manufacturing and Mining
Economics Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
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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