Trade surplus likely narrowed to RM6.4bil in August
29.09.2018 (The Star Online) - KUALA LUMPUR: Malaysia's trade surplus is likely to narrow to RM6.4bil in August, following the RM8.3bil recorded in July, said Moody's Analytics.
It said the technology category had staged a comeback with exports rising by 23.6% year-on-year in July, and a repeat performance in August was unlikely.
“Nevertheless, electrical and electronic shipments will still help to absorb ongoing weakness in palm oil shipments, which have been struggling on both volume and value basis,” the financial analysis software and services provider said in its Asia-Pacific Economic Preview for Oct 1-Oct 5, 2018.
Moody's Analytics also said palm oil prices had improved in September, which should translate to improved exports, especially given the weaker ringgit.
The trade performance for August 2018 is expected to be announced next week. — Bernama