Malaysia's Jan exports rise 1.6% y/y, below forecast

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KUALA LUMPUR : Malaysia's exports rose 1.6 per cent from a year earlier in January, slower than expected, government data showed on Monday.January's exports had been forecast to expand 7.4 per cent, according to 10 economists surveyed by Reuters. Imports in January grew 2.3 per cent from a year ear

KUALA LUMPUR : Malaysia's exports rose 1.6 per cent from a year earlier in January, slower than expected, government data showed on Monday.

January's exports had been forecast to expand 7.4 per cent, according to 10 economists surveyed by Reuters. Imports in January grew 2.3 per cent from a year earlier, data from the International Trade and Industry Ministry showed. Analysts were expecting an annual increase of 10.1 per cent. Malaysia recorded a trade surplus of 18.16 billion ringgit in January, narrowing from a revised surplus figure of 28.14 billion ringgit the previous month.

 

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