Malaysian economy to grow in February to April next year

Malaysia’s economy is likely to grow in February to April 2019, according to the country’s leading, coincident and lagging indexes for October released on Monday.

The Malaysian Statistics Department said in a statement that the leading index which monitors the economic performance direction in an average of four to six months ahead, posted a monthly growth of 1.2 percent in October.

The growth was primarily due to the increase of real imports of other basic precious and other non-ferrous metals, which grew 0.4 percent. On yearly basis, the leading index fell 0.7 percent in October, slightly improved from a negative growth of 1.7 percent in September.

The coincident index which reflects the current economic activity also rose 1 percent in October.

Two components that contributed significantly to the increase were volume index of retail trade which rose 0.5 percent, and real contributions to the government owned pension plan sponsor Employee Provident Fund that expanded 0.2 percent.

Meanwhile, the annual change of coincident index grew further to 3.9 percent in October as against 3.4 percent in the previous month.

 

Malaysian economy to grow in February to April next year

Malaysias economy is likely to grow in February to April 2019, according to the countrys leading, coincident and lagging indexes for October released on Monday. The Malaysian Statistics Department said in a statement that the leading index which monitors the economic performance direction in an average of four to six months ahead, posted a monthly growth of 1.2 percent in October. The growth was primarily due to the increase of real imports of other basic precious and other non-ferrous metals, which grew 0.4 percent. On yearly basis, the leading index fell 0.7 percent in October, slightly improved from a negative growth of 1.7 percent in September. The coincident index which reflects the current economic activity also rose 1 percent in October. Two components that contributed significantly to the increase were volume index of retail trade which rose 0.5 percent, and real contributions to the government owned pension plan sponsor Employee Provident Fund that expanded 0.2 percent. Meanwhile, the annual change of coincident index grew further to 3.9 percent in October as against 3.4 percent in the previous month.