business

Malaysia's export growth seen rebounding in March

KUALA LUMPUR: Malaysia's export growth is expected to pick up slightly in March, a Reuters poll showed, rebounding from a slowdown in February due to holidays during the month.

The median forecast in a survey of 11 economists was for exports to expand 1.7% in March from a year earlier, up from a 2% decline in February.

Individual estimates, however, ranged widely between an annual decline of 3.5% and a rise of 4.5%.

February's decline in exports, the first since October 2016, was attributed to the Lunar New Year holiday, which began in mid-February compared to late-January the previous year.

Imports in March were likely down 3.3% year-on-year, falling again after a 2.8% decline the previous month.

The country's trade surplus is expected to widen to RM9.9 billion (US$2.52 billion) in March, from 9 billion ringgit in February.

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