Malaysia: Exports expanded to multi-month highs – UOB By pabspiovano Malaysia TradeBalance Banks
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the recently published results from the Exports sector in Malaysia.“Exports expanded at a stronger pace of 32.4% y/y in Nov which was in line with our forecasts but higher than Bloomberg consensus . Imports gained 38% y/y Higher imports over exports led to narrower trade surplus of MYR18.9bn .”
“With year-to-date export growth of 25.7% y/y, this has surpassed our export target of 25%. Nevertheless, we expect a bumpy recovery in the coming months with a projected 2.0% export growth for 2022. The Omicron variant, ongoing supply-chain disruptions, and higher prices of traded goods could pose downside risks to the trade. Domestically, worker shortages and the floods have dampened production in selected sectors and areas.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Arthouse Distributors Tweak Expansion Plans To Ride Out Omicron – Specialty Box OfficeUnited Artists Releasing likely won’t expand Licorice Pizza until next month and Sony Pictures Entertainment is going to take things slow with Jockey as the Omicron variant delays the return …
Lire la suite »
India's Dec jobless rate hits four-month high of 7.9%-think tankIndia's unemployment rate hit a four-month high in December, data from the Centre for Monitoring Indian Economy (CMIE) showed on Monday.
Lire la suite »
Thousands more evacuated as fresh floods hit MalaysiaThousands of more people evacuated in Malaysia as floods hit seven states, taking the total affected by heavy rain in the last two weeks to over 125,000
Lire la suite »
Shiba Inu Dominance Drops to Three-Month Low as USD Value Remains HighAs the market possibly enters another correction cycle, Shiba Inu dominance is dropping
Lire la suite »
USD/JPY climbs to over one-month high, around 115.35 amid stronger USD/positive risk toneUSD/JPY climbs to over one-month high, around 115.35 amid stronger USD/positive risk tone By HareshMenghani USDJPY Coronavirus RiskAppetite Majors Currencies
Lire la suite »
USD/CNH: Downside bias could pick up pace – UOBIn opinion of FX Strategists at UOB Group, USD/CNH could grind lower and retest the 6.3310 level in the near term. Key Quotes 24-hour view: “Despite r
Lire la suite »