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CLAMBERING domestic demand and a steep drop in imports contributed to the RM4.7 billion trade surplus in May, a 13.4 per cent increase over the RM4.1 billion recorded in the corresponding month last year.
It was the 43rd consecutive month of trade surpluses since November 1997, the Statistics Department said when releasing the figures yesterday.
The gain was attributed mainly to a 10.5 per cent or RM2.7 billion decline in imports against a 7.2 per cent or RM2.2 billion reduction in exports.
"The bigger decline in imports vis-a-vis exports highlights the definite slowdown in the economy but it shouldn't be viewed too pessimistically partly because …