Malaysia’s latest leading index (LI) has indicated a moderate economic performance in the fourth quarter of 2023, official data showed Friday.
The Department of Statistics Malaysia (DOSM) said in a statement that the LI, a predictive instrument to foresee the economic direction in an average of four to six months ahead, declined 2.1 percent in June by recording 109.8 points as compared to 112.1 points in the previous year.
Decreases in real imports of other basic precious and non-ferrous metals (-32.1 percent) and real imports of semi-conductors (-19.5 percent) contributed to the weakened performance.—Xinhua
