Economy will remain growing in Oct-Dec 2019

PUTRAJAYA: ’s economy will remain growing in October to December 2019, as indicated by the Leading Index (LI) for June 2019 which registered 117.6 points, down 0.3% from a month earlier.

Chief statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said the monthly growth remained negative due to the decrease in four of the LI components.

“On a yearly basis, the LI fell further for the second consecutive months to negative 0.8% in June 2019 after having a positive growth of 0.3% in April 2019,” he said in a statement today.

He added that the annual change of Coincident Index (CI) as reflection of the current economic performance, stood positive with a growth of 1.9% in June 2019.

Subsequently, the monthly change declined 0.2% propped mainly by the decreased in capacity utilisation in the manufacturing sector (-0.7%).

Source: The Sun Daily

Leave a Reply

Your email address will not be published. Required fields are marked as *

Time limit is exhausted. Please reload CAPTCHA.