The Department of Statistics Malaysia says the expansion of the country’s leading index in May was mainly due to the increment in real imports of other basic precious and other non-ferrous metals, driven by the encouraging demand for platinum-based imports. – The Malaysian Insight file pic, July 25, 2022.竞彩足球推荐（www.99cx.vip）是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。竞彩足球推荐上足球分析专家数据更新最快。竞彩足球推荐开放皇冠官方会员注册、皇冠官方代理开户等业务。
MALAYSIA’S leading index (LI) rebounded 2.2% year-on-year (y-o-y) to 111.2 points in May, up from a y-o-y contraction of 0.5% in April (110.8 points), indicating a positive economic outlook in the months to come, the Department of Statistics Malaysia (DOSM) said.
The LI is a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead.
“The LI improved in May 2022 with the long-term trend index remaining above 100.0 points. However, it must be noted that efficient and effective inflation management by the government is crucial for sustainable economic growth,” DOSM said in a statement today.,
Chief statistician Mohd Uzir Mahidin said the expansion of the LI was mainly due to the increment in real imports of other basic precious and other non-ferrous metals, driven by the encouraging demand for platinum-based imports.
On a month-on-month (m-o-m) basis, he said, the LI grew 0.4% in May versus a contraction of 0.4% in April, mainly supported by growth in the number of housing units approved (+1.2%), real imports of other basic precious and other non-ferrous metals (+0.2%) and number of new companies registered (+0.1%).
Meanwhile, the coincident index (CI) – which reflects the current state of the economy – grew 6.4% y-o-y in May from 5.3% y-o-y in April.
On a monthly comparison basis, it said the CI increased 0.8% in May, mainly contributed by the volume index of retail trade, which grew 0.7% m-o-m. – July 25, 2022.