Encouraging July economic performance driven by real imports of semiconductors - DoSM

KUALA LUMPUR: Malaysia witnessed encouraging economic performance in July 2024, with the leading index (LI) registering 5.2 per cent, reaching 115.1 points as compared to 109.4 points in the same month of the previous year, according to the Department of Statistics Malaysia (DoSM).

Chief Statistician Malaysia Datuk Seri Mohd Uzir Mahidin said the growth was driven by the real imports of semiconductors, which surged by 36.7 per cent, and the Bursa Malaysia Industrial Index rose by 35.4 per cent.