HIGHLIGHTS February 2018 trade Non-oil domestic exports (NODX) declined in Feb (-5.9% yoy vs. +12.9% yoy in Jan) on the back of weaker electronics and non-electronics shipments. Spillovers from US tariffs are contained so
HIGHLIGHTS February 2018 trade The trade deficit narrowed to US$116m in Feb on the back of stronger export growth (+11.8% yoy in Feb vs. +8.6% yoy in Jan). Mining was the key driver of
HIGHLIGHTS Mar Monetary Policy Committee meeting – A dovish posture Malaysia’s Overnight Policy Rate (OPR) was left unchanged at 3.25% on 7 March 2018, following the 25bp hike in Jan. BNM remained upbeat about
HIGHLIGHTS February 2018 CPI inflation Headline inflation eased slightly in Feb (3.2% yoy vs. 3.3% yoy in Jan) as higher volatile food prices were mitigated by a moderation in administered price inflation. Rice imports
HIGHLIGHTS January macro snapshot Manufacturing activity took a breather in Jan (+3.4% yoy) after strong gains in Dec, but the opposite was true for export growth, which romped to a five-year high. A strong
Originally published by CIMB Research and Economics on 28 February 2018. HIGHLIGHTS January 2018 consumer price inflation Headline inflation eased sharply to 2.7% yoy in Jan (+3.5% yoy in Dec) largely due to lower
Originally published by CIMB Research and Economics on 20 February 2018. HIGHLIGHTS Budget FY2018: Playing the long game A widely anticipated GST hike is likely to occur sometime in 2021-25, which would lift the
Originally published by CIMB Research and Economics on 19 February 2018. HIGHLIGHTS February 2018 Bank Indonesia meeting Bank Indonesia left the 7-day Reverse Repo Rate unchanged at 4.25% and reiterated that the previous rate
Originally published by CIMB Research and Economics on 19 February 2018. HIGHLIGHTS 4Q17 balance of payments The current account deficit (CAD) widened to US$5.8bn or -2.2% of GDP in 4Q17 as lower primary income
Originally published by CIMB Research and Economics on 9 February 2018. HIGHLIGHTS December 2017 industrial production Malaysia’s Dec industrial expansion disappointed forecasts, slipping to 2.9% yoy, with the main surprise coming from a large