KUALA LUMPUR: The Statistics Department’s leading index (LI) shows the economy is expected to chart better momentum in the January to May period of 2020.
Chief Statistician Datuk Seri Dr. Mohd Uzir Mahidin said the LI predicts the movement of the overall economic direction over the next few months.
“The LI registered an annual growth of 1.1% in November 2019 to 120.1 points from 118.8 points recorded in the previous year.
“The main components driving the 1.3 points shift were real imports of semiconductors and real money supply, M1, ” he said in a statement yesterday.
Despite a slight decrease in the month to month percentage change of 0.2%, the growth rate of LI (smoothed) remained above trend to show better economic momentum in the first five months of 2020, he added.
The anticipated economic direction for Malaysia is in line with the expected economic performance for China and Australia provided by the OECD Composite Leading Index.
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