Leading index in June slips on-month, economy to grow at slower pace

“However, positive impacts from various government initiatives to support business continuity, along with the progress of Covid-19 vaccination rates may stimulate the business confidence and hence support the economic recovery,” he said.

KUALA LUMPUR: Malaysia’s Leading Index (LI) fell by 2.8% in June from a month ago while the Coincident Index (CI) slowed down further, pointing out to a slower economic growth in the coming months, according to the Statistics Department.

In its report issued on Wednesday, the department said the month-on-month decline was reflected by the reduction in all of LI components mainly the number of housing units approved (-0.9%).