KUALA LUMPUR, Aug 25 (NNN-Bernama) — Malaysia\u2019s Leading Index (LI) continued to register positive growth, rising by 0.5 per cent year-on-year (y-o-y) to 105.6 points in June 2021 from 105.1 points in June 2020, said the Department of Statistics Malaysia (DOSM).<\/p>\n\n\n\n
The LI is a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead.<\/p>\n\n\n\n
Malaysia’s Chief statistician Mohd Uzir Mahidin said the increase was mainly contributed by real imports of other basic precious and other non-ferrous metals, driven by the import of copper-based metals.<\/p>\n\n\n\n
However, he noted that the LI declined 2.8 per cent month-on-month (m-o-m), following the reduction in all of LI components.<\/p>\n\n\n\n
\u201cLooking at the direction indicated by the decreasing growth rate of smoothed LI (despite remaining above the trend), the LI indicates that Malaysia\u2019s near-term economic prospects continue to face challenges.<\/p>\n\n\n\n
\u201cThis is in line with the international and national agencies\u2019 forecast of a slower economic outlook for Malaysia in 2021,\u201d Mohd Uzir said in a statement Wednesday.<\/p>\n\n\n\n
However, he said the positive impacts from various government initiatives to support business continuity, along with the progress in COVID-19 vaccination rates may boost business confidence, thus supporting economic recovery.<\/p>\n\n\n\n
On another note, he said the Coincident Index (CI), which reflects the current economic activity, further decreased to -6.3 per cent m-o-m in June 2021 compared to -1.3 per cent in May 2021, due to the noticeable decline in capacity utilisation in the Manufacturing sector (-4.5 per cent).<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, Aug 25 (NNN-Bernama) — Malaysia\u2019s Leading Index (LI) continued to register positive growth, rising by 0.5 per cent year-on-year (y-o-y) to 105.6 points in June 2021 from 105.1 points in June 2020, said the Department of Statistics Malaysia (DOSM). The LI is a predictive tool used to anticipate economic upturns and downturns in […]<\/p>\n","protected":false},"author":27,"featured_media":68053,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/141519"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=141519"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/141519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/68053"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=141519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=141519"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=141519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}