October leading index falls


UALA LUMPUR: Malaysia’s Leading Index, a forward looking measure of economic activity, recorded its first fall since January 2005 and fell to its lowest level in 12 months in October, the Statistics Department said.

The leading index fell by 1.8% to 155.7 points in October while the six-month smoothed index, which strips out one-off statistical events, fell by 2.9%.

”The continuing weakness in the six-month smoothed growth rates of the Leading and Coincident Indices suggests that the country’s economic growth will be slower in the coming months,” the Statistics Department said. - Reuters

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