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Leading index signifies better economic recovery ahead

The Star Business LogoThe Star Business1 mo ago

Leading index signifies better economic recovery ahead

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KUALA LUMPUR:  Malaysia’s economic recovery is in a better direction, as the performance of the Leading Index (LI) for April 2022 eased to a better negative of 0.5 per cent from a negative 1.4 per cent in March 2022, said the Department of Statistics Malaysia  (DoSM).

He said nonetheless, the issue of inflation and rising commodity prices need to be taken into account, considering the global situation.

The LI is a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Leading Index Economy /Business/Business News Coincident Index Statistics DoSM

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 13:32:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 351 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 5488

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 35 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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