Finance Minister Lim Guan Eng said imports recorded a 4.4 per cent year-on-year rise in April which reflects strong domestic demand, which is aligned with healthy Q2 growth. — Picture by Firdaus Latif
“This comes after the first quarter GDP expanded by 4.5 per cent from a year ago, besting Bloomberg’s market consensus of 4.3 per cent,” he said in a statement today. “The strong expansion of both consumption and intermediate goods imports indicates that Q2 GDP growth would be robust,” he added. “The improvement in exports has enabled Malaysia to record a trade surplus of RM10.9 billion in April. This brings the country’s total trade surplus for the first four months of 2019 to RM47.8 billion.
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