KUALA LUMPUR: Malaysia’s export growth is expected to accelerate in June after a sharp slowdown the previous month, a Reuters poll showed, amid improved demand and higher global oil prices.
The median forecast from a survey of 10 economists was for exports to grow 11.5% in June from a year earlier, a jump from the 3.4% rise recorded in May. In April, exports had risen 14%.
Individual growth estimates for June, however, ranged widely between 6.7% and 14%.
June’s imports were seen expanding 14.3% from a year earlier, up sharply from the 0.1% rise the previous
month.
Malaysia reports trade data in ringgit.
The trade surplus in Malaysia is expected to widen to 10.1 billion ringgit ($2.49 billion) in June, from 8.1 billion ringgit in May.