Malaysia's leading index rises 4.0% in August 2024, reaches 114.3 points

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KUALA LUMPUR: Malaysia's leading index (LI) continued to demonstrate strong growth momentum in August 2024, with a growth of 4.0 per cent to 114.3 points from 109.9 points in the same month of the previous year, said the Department of Statistics Malaysia (DoSM).

The LI provides an early indication of significant turning points in the business cycle and the economy’s direction in the near term.

"This increase was largely driven by growth in most components except for the real salaries and wages in manufacturing, which saw a slight decline of 0.3 per cent,” he said.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Coincidence index /Business/Business News DoSM Economy Mohd Uzir Mahidin Leading index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 13:35:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 348 words

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Sentences: 12 lines

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Copyright Owner: © The Star

News ID: 23234830

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