Malaysia's exports, imports seen rebounding in June

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KUALA LUMPUR (Aug 1): Malaysia's export growth is expected to accelerate in June after a sharp slowdown the previous month, a Reuters poll showed, amid improved demand and higher global oil prices.

The median forecast from a survey of 10 economists was for exports to grow 11.5% in June from a year earlier, a jump from the 3.4% rise recorded in May. In April, exports had risen 14%.           

Individual growth estimates for June, however, ranged widely between 6.7% and 14%.

June's imports were seen expanding 14.3% from a year earlier, up sharply from the 0.1% rise the previous month.

Malaysia reports trade data in ringgit.

The trade surplus in Malaysia is expected to widen to RM10.1 billion (US$2.49 billion) in June, from RM8.1 billion in May.

(US$1 = RM4.0630)