August exports seen rising to 2.5% on-year

KUALA LUMPUR: Exports in August are expected to rise for the second month in a row, helped by a recovery in palm oil shipments and higher demand from China, a Reuters poll showed today.

The median forecast among 11 economists surveyed was for exports in August to grow 2.5% from a year earlier, up from the 1.7% annual rise posted in July.

Imports, however, were expected to decline 8% year-on-year, faster than the 5.9% drop the previous month, the poll showed. Malaysia reports trade data in ringgit.

Trade surplus likely narrowed to RM10.4 billion. – Reuters