ZCZC
BCN-41
MALAYSIA-ECONOMY-GROWTH
Malaysian economic growth likely to ease in December: data
KUALA LUMPUR, Oct. 24, 2018 (BSS/Xinhua) – Latest economic figures showed
that Malaysia’s economic growth is likely to ease in December this year to
February 2019, Malaysia’s Statistics Department said Wednesday.
The leading index, which provides a signal where the economy is heading
for an average of four to six months ahead, fell 0.9 percent year-on-year in
August.
However, on month-on-month basis, the leading index rose 0.3 percent for
the month, after increasing by 0.1 percent in July. The growth was supported
by the increases in number of housing units approved, real money supply and
real imports of semi-conductors.
Meanwhile, the coincident index, which measures the overall current
economic performance, declined 0.3 percent month-on-month in August, dragged
mainly by the capacity utilization in manufacturing sector. On year-on-year
basis, the index grew 3.6 percent.
The level of diffusion index for leading index remained at 42.9 percent
for three consecutive months, while the diffusion index for coincident index
performed better with 83.3 percent in August.
BSS/XINHUA/HR/1450