A slowdown in exports during the first half of the year paints a worrying picture for Malaysia’s growth prospects, given the added prospect of further volatility and uncertainties arising from the recent United Kingdom’s referendum to leave the European Union or Brexit, say analysts.
PublicInvest Research (PIVB) said in a note that while export growth had been steady this year on a ringgit-translated basis, a different story emerges if the figures are put in US dollar-denominated terms.
Malaysia’s total exports averaged about US$50bil per quarter last year. However, the figure has tapered off to US$44bil during the first quarter of 2016 (1Q16).
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PublicInvest Research (PIVB) said in a note that while export growth had been steady this year on a ringgit-translated basis, a different story emerges if the figures are put in US dollar-denominated terms.
Malaysia’s total exports averaged about US$50bil per quarter last year. However, the figure has tapered off to US$44bil during the first quarter of 2016 (1Q16).
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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