Malaysia's October exports seen down 12.6% y-o-y

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KUALA LUMPUR (Dec 2): Malaysia's exports likely fell for a third straight month in October, and at a much sharper pace than in September, as global electronics demand remained weak, a Reuters poll showed on Monday.

The median forecast among 11 economists surveyed was for October exports to decline 12.6% from a year earlier, nearly double the pace of the 6.8% contraction in September.

Imports in October are also seen down at 6.7% year-on-year, compared with the 2.4% expansion the month before, the poll showed.

The country's trade surplus in October likely expanded to RM10.6 billion (US$2.54 billion) from September's RM8.3 billion.

Malaysia reports trade data in ringgit and it is due on Dec 4.

(US$1 = RM4.1700)