Economic Research | 4 May 2018 | |||
Malaysia | ||||
Economic Update | ||||
Mild Recovery In March’s Exports u Malaysia‘s exports rebounded to grow 2.2% YoY in March (above Bloomberg consensus estimates of 2% YoY) after falling 2% in February amid higher E&E and commodity shipments; u Imports plunged 9.6% YoY, worsening from -2.8% in February as imports of capital and consumption goods deteriorated; u Overall, the widening trade surplus should contribute to stronger net export contributions to GDP for 1Q, but weak imports in capital and consumption goods would be reflected in the consumption and investment indicators. Looking forward, we expect exports to grow 6.5%, albeit slowing from the 18.9% recorded in 2017. Economist: Vincent Loo Yeong Hong | +603 9280 2172 | ||||
To access our recent reports please click on the links below: 02 May: M3 Growth Jumps In March On Foreign Demand 18 Apr: Inflation Inches Lower In March 18 Apr: 1Q18 Business Confidence Slips Below Threshold 16 Apr: Government Promises Pay Hike For Civil Servants 12 Apr: February’s Industrial Activity Slows On Export Drag 09 Apr: Forex Reserves Inch Up To USD107.8bn In March | ||||
Economics Team | ||||
Arup Raha | Group Chief Economist | +65 6232 3896 | ||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam, | +603 9280 2172 | ||
Ahmad Nazmi Idrus | Singapore | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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