KUALA LUMPUR- Malaysia’s exports likely fell for a third straight month in October, and at a much sharper pace than in September, as global electronics demand remained weak, a Reuters poll showed on Monday.
The median forecast among 11 economists surveyed was for October exports to decline 12.6 percent from a year earlier, nearly double the pace of the 6.8 percent contraction in September.
Imports in October are also seen down at 6.7 percent year-on-year, compared with the 2.4 percent expansion the month before, the poll showed.
The country’s trade surplus in October likely expanded to 10.6 billion ringgit ($2.54 billion) from September’s 8.3 billion ringgit.
Malaysia reports trade data in ringgit and it is due on Dec. 4. – Reuters