MARKET DEVELOPMENT
Malaysia's Sept exports rise 13.6%, fastest in nearly two years
Malaysia's Sept exports rise 13.6%, fastest in nearly two years
Reuters (28/10/2020) - The jump was the highest since October 2018, when exports had risen 17.7%, and also beat analysts’ expectations of a 5.5% growth in a Reuters poll. In August, exports had fallen 2.9%. [nB8N29J02P]
Imports in September shrank by 3.9% from a year earlier, slowing from the 6.5% decline in the prior month, the data showed. Analysts had expected a fall of 3.8%.
Malaysia’s trade surplus in September widened to 22 billion ringgit ($5.28 billion) from 13.2 billion ringgit the previous month.
($1 = 4.1630 ringgit)