Ex­ports likely grew over 20pc

New Straits Times - - Business -

KUALA LUMPUR: Malaysia’s ex­ports likely grew by over 20 per cent in March com­pared with a year ago, said econ­o­mists.

An NST Busi­ness poll ex­pects ex­ports to grow by 20.58 per cent, im­ports by 27.88 per cent and the trade bal­ance to av­er­age at RM9.48 bil­lion.

The In­ter­na­tional Trade and In­dus­try Min­istry will re­lease the data to­day.

Stan­dard Char­tered Bank econ­o­mist Ed­ward Lee said he ex­pected the ex­ports data to ease from the ro­bust 26.5 per cent in Fe­bru­ary due to un­favourable base ef­fects.

Lee said Malaysia’s ex­port vol­umes had picked up since the end of last year, with the three-month mov­ing av­er­age in­creas­ing to 10.1 per cent year-on-year in Fe­bru­ary, the high­est in 15 months.

Im­ports were stronger than ex­pected in Jan­uary-Fe­bru­ary on a pick-up in cap­i­tal and in­ter­me­di­ate goods. Rupa Damodaran

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