FOREX TradingCharts.com

Financial News: Malaysia Exports Fall More Than Expected In May

Malaysia Exports Fall More Than Expected In May

06/29/2020 - 01:27:00 (RTTNews)

(RTTNews) - Malaysia's exports declined at faster than expected rate in May, data from the Department of Statistics revealed on Thursday.

Exports fell 25.5 percent year-on-year to MYR 62.7 billion in May, following a 23.9 percent decrease in April. Economists had expected a 19.9 percent decline.

Exports to India, Singapore, Thailand, Japan, the European Union, Hong Kong and Vietnam lowered in May, while those to China increased.

Imports declined 30.4 percent annually to MYR 52.3 billion in May, following a 23.6 percent fall in the previous month. This was the biggest fall since January 2009. Economists had forecast a fall of 19.8 percent.

Consequently, the trade balance registered a surplus of MYR 10.4 billion in May.

On a monthly basis, exports fell 3.2 percent in May and imports declined 23.6 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Industrial Production Rebounds In May (16 min(s), 29 sec(s) ago)
(RTTNews) - Eurozone industrial production rebounded in May as most of the factories reopened in m ...Full Story»

German ZEW Economic Confidence Weakens In July (30 min(s), 29 sec(s) ago)
(RTTNews) - German economic sentiment weakened in July, survey data from the ZEW - Leibniz Centre ...Full Story»

China's Export Increase Unexpectedly (02 hr(s), 05 min(s), 29 sec(s) ago)
(RTTNews) - China's exports grew unexpectedly in June as easing of the coronavirus containment ...Full Story»

Japan Industrial Production Decline More Than Estimated (02 hr(s), 41 min(s), 29 sec(s) ago)
(RTTNews) - Japan industrial production declined more than estimated in May, final data from the M ...Full Story»

Germany June Inflation Confirmed At 0.9% (02 hr(s), 51 min(s), 29 sec(s) ago)
(RTTNews) - German inflation rebounded from a 45-month low in June, latest data from Destatis conf ...Full Story»

UK Economy Expands In May (03 hr(s), 21 min(s), 29 sec(s) ago)
(RTTNews) - The UK economy expanded in May after contracting the most on record in April, as measu ...Full Story»

Malaysia Jobless Rate Climbs For Fourth Month (03 hr(s), 50 min(s), 29 sec(s) ago)
(RTTNews) - Malaysia's unemployment rate rose for the fourth straight month in May, data from ...Full Story»

Australia Business Confidence Rebounds In June: NAB (04 hr(s), 53 min(s), 29 sec(s) ago)
(RTTNews) - Australia's business confidence and conditions rebounded in June, survey data from ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Industrial Production Rebounds In May

07/14/2020 - 05:49 AM (RTTNews)
(RTTNews) - Eurozone industrial production rebounded in May as most of the factories reopened in m ...Full Story>>

German ZEW Economic Confidence Weakens In July

07/14/2020 - 05:35 AM (RTTNews)
(RTTNews) - German economic sentiment weakened in July, survey data from the ZEW - Leibniz Centre ...Full Story>>

China's Export Increase Unexpectedly

07/14/2020 - 04:00 AM (RTTNews)
(RTTNews) - China's exports grew unexpectedly in June as easing of the coronavirus containment ...Full Story>>

Japan Industrial Production Decline More Than Estimated

07/14/2020 - 03:24 AM (RTTNews)
(RTTNews) - Japan industrial production declined more than estimated in May, final data from the M ...Full Story>>

Germany June Inflation Confirmed At 0.9%

07/14/2020 - 03:14 AM (RTTNews)
(RTTNews) - German inflation rebounded from a 45-month low in June, latest data from Destatis conf ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.