By Yantoultra Ngui
KUALA LUMPUR, Malaysia--Malaysia's exports staged a surprise rebound in November as shipments of electrical and electronics products and agriculture goods jumped, official data showed Friday.
Exports from Southeast Asia's third-largest economy rose 7.8% from a year earlier, compared with a 1.5% contraction forecast by seven economists surveyed by The Wall Street Journal, according to the Ministry of International Trade and Industry. In October, exports slumped 8.6% from the previous year mainly due to base effects.
The jump in November exports also marks the country's highest on-year increase since February.
Imports jumped 11.2% in November from a year ago, drivenby higher imports of intermediate, capital and consumption goods, according to the latest data. The economists surveyed had predicted a 2.3% decline.
Imports in October fell 6.6%, weighed by lower imports of intermediate, capital and consumption goods.
The trade surplus narrowed to 9.03 billion ringgit ($2.02 billion) in November from MYR9.76 billion in October. Economists had expected a surplus of MYR10.85 billion.
Write to Yantoultra Ngui at firstname.lastname@example.org
(END) Dow Jones Newswires
January 05, 2017 23:16 ET (04:16 GMT)
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