ZCZC
BCN-32
MALAYSIA-ECONOMY-GROWTH
Malaysian economy expected to moderate in Q1 next year
KUALA LUMPUR, Nov. 22, 2018 (BSS/Xinhua) – Malaysia’s economic growth is
expected to continue to ease between January to March 2019, according to the
latest data released on Thursday.
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, decreased 1.7 percent in September on annual basis.
Meanwhile, the monthly change of leading index posted a negative growth of
0.8 percent to 117.9 points in the same month as compared to 118.9 points in
August.
The contraction was due to the declining of real imports of semi-
conductors, real imports of other basic precious and other non-ferrous metals
and number of housing units approved.
The coincident index which examines the current economic activity
decreased 0.7 percent in September.
However, the annual change of coincident index grew 3.4 percent in the
reference month.
BSS/XINHUA/HR/1418