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Malaysia's leading index shows brighter economic outlook ahead: data

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Malaysia's leading index shows brighter economic outlook ahead: data Others


KUALA LUMPUR, Sept. 25 (Xinhua) -- Malaysia's leading index has signaled a brighter economic outlook in November 2019 until January 2020, according to official data released Wednesday.
 
Malaysian Statistics Department said in a statement that the leading index that signals the direction of economic movements surged 1.4 percent to 119.3 points in July, from 117.6 points in the previous month, showing the economy will enter the expansion phase.
 
Number of housing units approved, number of new companies registered and real money supply, M1, were the main drivers of the improvement, said the department.
 
On yearly basis, the leading index also rebounded to a positive growth of 0.4 percent in July after having a negative growth for two consecutive months.
 
Meanwhile, the coincident index which reflects current economic performance lifted 0.9 percent in the reference month, with capacity utilization in manufacturing sector as the main contributor. It also registered 1.8 percent of annual growth in July.
 
The diffusion index for leading index improved further to 71.4 percent in the reference month, indicating the increases of five leading index components as against the previous six months.


sourceXinhua News 



 
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