Malaysia’s economy expected to grow at a slow rate between Nov-Jan

PUTRAJAYA: Malaysia’s economy is expected to continue growing at a slow rate between November 2018 to January 2019, according to the performance of Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for July 2018.

Commenting on the report that was released today, chief statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said the monthly change of Leading Index (LI) increased 0.2% in July 2018.

“The LI was recorded at 118.6 points in the reference month as compared to 118.4 points in June 2018. Five out of seven components of LI make up the increased with the highest contribution by real imports of semi conductors (0.5%).

“In contrast, the annual change of LI decreased slightly, negative 0.1% in July 2018. The LI is designed to monitor the economic performance for an average of four to six months ahead,” he said in a statement.

On the same note, the Statistics Department reported that the Coincident Index (CI) is a measure of current economic activity. The CI grew 1.6% in July 2018 with positive contributions from all of its components. Capacity utilisation in manufacturing sector (0.4%) was the main component that accounted to the increase. The annual change of CI rose to 3.9% from 3.1% in the previous month.

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