Malaysian economy seen to improve in February to April 2020
Source: Xinhua Time:2019-12-30 08:48:32
The Malaysian economy is expected to experience a better growth in February to April 2020, based on its latest leading index.
The Malaysian Statistics Department said in a statement that the leading index, which predicts the economic direction showed a better performance in October, expanded 1.4 percent from September.
The main contributors to the increase were real imports of other basic precious and other non-ferrous metal, real imports of semi-conductors.
The annual change of leading index also showed the same trend, rising 1.5 percent in October as against 0.3 percent in the previous month.
Meanwhile, the coincident index, which measures the current economic performance, surged 0.9 percent in the reference month as compared to negative 1.2 percent in September.
The growth was driven by capacity utilization in manufacturing sector and volume index of retail trade.
The annual change of coincident index remained at 1.6 percent.