Non-oil domestic exports data for June will be released on Thursday. The data will be watched to see if shipments continued to decline after May’s contraction amid U.S. trade uncertainty.
Malaysia
Malaysia will release second-quarter advance GDP figures, as well as June trade data.
Economic growth likely slowed to 4.2% in April-June from 4.4% in the first quarter, as indicators suggest weaker consumer demand and easing exports, ANZ economists said in a note.
While capital goods imports point to continuing infrastructure activity, softer retail trade, falling consumer imports, and weak manufacturing orders reflect slowing domestic and external demand, it added.
ANZ expects the country’s full-year growth to come in at 4.1%, with no further rate cuts in the pipeline.
Malaysia’s export growth likely rebounded in June due to a low base last year, while an on-month decline in imports probably helped widen the…
