KUALA LUMPUR, Feb. 24 (Xinhua) -- Malaysia's leading index decreased 0.6 percent to 110.7 points in December 2022, indicating the near term growth momentum would be at ease, official data showed Friday.
The Department of Statistics Malaysia (DOSM) said in a statement that four out of seven components are associated with the reduction.
These are number of housing units approved, number of new companies registered, Bursa Malaysia industrial index and expected sales value, manufacturing.
"The smoothed long-term trend of leading index in December 2022 remains below the trend of 100 points. Accordingly, Malaysia's economy is expected to be at ease in the next few months in line with the International Monetary Fund's expectations for global economic growth," said the DOSM.
As for the current economic position, the coincident index recorded a year-on-year increase of 5.1 percent to 120.3 points in December 2022.
However, the monthly change of the coincident index recorded a decrease of 0.2 percent. ■
