Malaysia exports growth likely to be slower in June

KUALA LUMPUR: RAM Ratings expects Malaysia’s export growth to slow down in June after the jump in May due to slower demand for exports from China and Singapore, after consecutive months of rapid build-up in capacity and re-stocking. The ratings agency said in a statement that it expected June export growth to be a healthy 17.5% though slower than the steep 32.5% in May. “Moreover, a high-base effect arising from the rebound in growth in June 2016 also contributed to the moderation,” it said.