◆ Exports weakened to 10.6% yoy in August, from +13.5% in July and a high of +36.4% in March. This was the fifth consecutive month of slowing down and the weakest growth in nine months, suggesting that exports are slowing down, on the back of a more moderate expansion in global demand. A sharp appreciation of the ringgit
also contributed to a slowdown in exports during the month. The slowdown in August’s exports was broad-based, from the exports of electronic & electrical (E&E) products to non-E&E manufactured goods and major commodity products.
Economic Highlights - Exports Weakened In August, In Tandem With A Slowdown In Global Demand - 11/10/2010
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