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Malaysia's Exports Rise Unexpectedly In August

Malaysia's exports increased unexpectedly from last year and imports advanced more than expected in August, data showed Tuesday.

Exports grew 1.7 percent year-on-year in August to MYR 63.88 billion on continued demand for manufactured goods from major markets, the Department of Statistics said. Shipments were forecast to fall by 1.4 percent.

Imports advanced 7.6 percent from last year to MYR 60.02 billion in August. The annual growth far exceeded the 0.4 percent rise forecast by economists. Demand for intermediate and capital goods and consumption goods increased in August.

The trade balance registered a surplus of MYR 3.86 billion, compared to a MYR 5.66 billion expected surplus.

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