KUALA LUMPUR, Dec 25 (NNN-BERNAMA) – The Malaysian economy is expected to experience a better growth in Feb to Apr, 2020.
The Malaysian Statistics Department, said that, the leading index, which predicts the economic direction, showed a better performance in Oct, expanded 1.4 percent from Sept.
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 Oct, 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 Sept.
The growth was driven by capacity utilisation in the manufacturing sector and volume index of retail trade.
The annual change of coincident index remained at 1.6 percent.
