Quotes from Standard Chartered:
- Malaysia will release November trade figures on 7 January. We expect exports to have rebounded to a 1.4 pct y/y expansion from a 3.1 pct contraction in October. We project import growth at a still-high 10.8 pct y/y, resulting in a trade surplus of MYR 5.1bn. While export growth likely benefited from more favorable base effects during the month, lower energy prices probably depressed energy export values. At the same time, electronics exports are weighed down by sluggish growth in Asia, particularly China and Japan.
- We expect import growth to receive a boost in the next few months ahead of the implementation of the goods and services tax (GST) in April 2015. This should limit the upside for Malaysia's trade surplus for the time being.
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