Malaysia’s leading index remains moderate in November 2022

KUALA LUMPUR, Jan. 20– Malaysia’s leading index, a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead, remains moderate by recording 110.5 points in November last year, official data showed on Friday. On the other hand, the leading index’s monthly performance recorded an increase of 0.8 percent in November…

KUALA LUMPUR, Jan. 20 (Xinhua) — Malaysia’s leading index, a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead, remains moderate by recording 110.5 points in November last year, official data showed on Friday.

The decrease was due to real money supply, M1, Bursa Malaysia Industrial Index, number of housing units approved, expected sales value, manufacturing and number of new companies registered, the Department of Statistics Malaysia (DOSM) said in a statement.

On the other hand, the leading index’s monthly performance recorded an increase of 0.8 percent in November 2022 compared to a negative 0.3 percent in the previous month.

This trend was driven by the expected sales value, manufacturing at 0.3 percent, real imports of other basic precious and other non-ferrous metals at 0.3 percent, number of new companies registered at 0.2 percent, real imports of semiconductors at 0.1 percent and real money supply, M1 at 0.05 percent.

“Looking at the smoothed long-term trend in November 2022, leading index remains trending below the trend of 100 points. Accordingly, the Malaysian economy is expected to moderate in the months ahead in 2023, despite the risk of a global economic slowdown,” the DOSM said.

As for the current economic position, the coincident index recorded an increase of 5.5 percent year-on-year to 120.6 points in November 2022, as compared to 114.3 points in November 2021.

The monthly change of the coincident index also registered a slight growth of 0.1 percent supported by the industrial production index, real salaries and wages, manufacturing, total employment, manufacturing and real contributions, and Employees Provident Fund (EPF). Enditem

ANA NEWS WIRE Disclaimer:
The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality.
ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video. Where errors do appear, ANA will seek to correct these timeously and transparently.
The ANA platform also contains news and information from third party sources. ANA has sought to procure reliable content from trusted news sources but cannot be held responsible for the accuracy and opinions provided by such sources on the ANA platform or linked sites.
The content provided for on the ANA News Wire platform, both through the ANA news operation and via its third party sources, are for the sole use of authorised subscribers and partners. Unauthorised access to and usage of ANA content will be subject to legal steps. ANA reserves its rights in this regard.
ANA makes every effort to ensure that the website is up and running smoothly at all times, however ANA does not take responsibility for, and will not be held liable for times when the website is temporarily unavailable due to technical issues that are beyond our control.