economy

Malaysia's June exports rise 1.7pct on-year, below forecast

KUALA LUMPUR: Malaysia's exports rose 1.7 per cent in June from a year earlier, below expectations, government data showed on Thursday.

Exports had been expected to grow 4.6 per cent, according to a Reuters poll of 14 economists.

Imports in June rose 17.8 per cent from a year earlier, data from the trade ministry showed, more than the 15.5 per cent increase forecast in the same poll.

Malaysia recorded a trade surplus of RM14.29 billion (US$3.06 billion) in June, the data showed.

Analysts had forecast a surplus of RM14.8 billion.

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