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.幸运哈希(www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。
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.
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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.
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