Malaysian economic growth seen easing

• Sep 25, 2018

KUALA LUMPUR: Malaysia’s economy is expected to continue growing at a slow rate between November 2018 to January 2019, in view of the current moderate trend, according to the Department of Statistics Malaysia.

In a statement titled “Malaysian Economic Indicators: Leading, Coincident and Lagging Indexes June 2018” released yesterday, the department said the monthly change of Leading Index (LI) increased by 0.2% to 118.6 points from 118.4 points in June 2018.

Chief statistician Datuk Seri Mohd Uzir Mahidin said five out of the seven LI components contributed to the increase, with the highest contribution from real imports of semiconductors at 0.5%.

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

Meanwhile, the department reported that the Coincident Index (CI), a measure of current economic activity, grew 1.6% in July 2018 with positive contributions from all of its components.

The capacity utilisation in the manufacturing sector grew by 0.4% and was the main component that contributed to the increase, while the annual change of CI rose to 3.9%. — Bernama

Source: https://www.thestar.com.my/business/business-news/2018/09/25/malaysian-economic-growth-seen-easing/#MiAKuhSQykdA9QBa.99