Malaysian economy growth to moderate from November to January next year: data

9/26/2018 - 10:29:56 AM

The Malaysian economy is expected to continue growing at a slow rate between November 2018 to January 2019, according to data released on September 24.

People shop at Suria KLCC in Kuala Lumpur, Malaysia. (Photo: Shutterstock.com).

The Malaysian Statistics Department said in a statement that the leading index, which is designed to monitor the economic performance for an average of four to six months ahead, increased 0.2 percent month-on-month to 118.6 points in July as compared to 118.4 points in June.

Five out of seven components of leading index make up the increased, with the highest contribution by real imports of semi-conductors, which grew 0.5 percent.

However, on a year-on-year basis, the leading index fell 0.1 percent in July.

Meanwhile, the coincident index, which is the measure of current economic activity, went up 1.6 percent month-on-month in July.

The growth was supported by positive contributions from all of its components with capacity utilization in manufacturing sector which expanded 0.4 percent, was the main component that accounted to the increase.

Source: NDO

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