Exports slowed down to 17.2% yoy in June, from +21.9% in May and a high of +36.4% in March. This was the slowest pace of growth in seven months and the third consecutive month of easing, suggesting that Malaysia’s exports are weakening, on the back of a slowdown in global demand and as high export growth due to the low base effect normalised. The slowdown was due to slower increases in the exports of non-E&E
manufactured goods and major commodity products. These were, however, mitigated by a pick-up in the exports of electronic & electrical (E&E) products during the month.
Economic Highlights - Exports Slackened In June, As Global Demand Softened - 03/08/2010
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