Nation's leading index rises 1.3pc to 114.8 points in June
Your browser does not support the audio element.
Malaysia's leading index increased by 1.3% to 114.8 points in June, according to the Statistics Department. This growth was fueled by a rise in imports of essential metals and semiconductors. The department noted that this trend is consistent with the nation's stronger trade activities, particularly the steady demand for electrical and electronic products.
However, the overall performance was somewhat offset by decreases in the number of newly registered companies. On a monthly basis, the index saw a slight rise of 0.02%, led by an increase in imports of other basic metals. The long-term trend of the index is still below 100 points. Despite this, the economy is projected to keep growing due to solid domestic demand and ongoing investment growth.
The coincident index, which rose 2.6% year-on-year to 131.6 points, was boosted by strong performance across all indices, notably the Employees Provident Fund (16%) and the retail trade volume index (4.1%).
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
