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 | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam, | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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