Malaysia's leading index remains stable at 109.5 points in July
STORY: Malaysia's leading index remains stable at 109.5 points in July
DATELINE: Sept. 23, 2022
LENGTH: 00:02:25
LOCATION: Kuala Lumpur
CATEGORY: ECONOMY
SHOTLIST:
1. various of container vessels at Penang Port, Malaysia
2. various of container vessels at Northport of Port Klang, Selangor
3. various of container yard at Port Klang, Selangor
4. various of container truck on road
STORYLINE:
Malaysia's leading index (LI) which predicts the economic direction on average of four to six months ahead, remained stable by registering 109.5 points in July, as compared to 105.2 points a year ago.
This corresponds to LI growth of 4.1 percent year-on-year, lower than 5.3 percent in June, the Department of Statistics Malaysia (DOSM) said in a statement.
Real imports of other basic precious and other non-ferrous metals persisted as the main impetus to the growth due to an increase in demand related to platinum-based metals.
Looking at month-on-month performance, LI posted a negative 2 percent in the reference month as
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