KUALA LUMPUR: Malaysia’s Leading Index (LI) efficiency remained positive in November 2021, rising to 111.3 factors from 109.4 factors in November 2020 because the financial system regularly recovered from the COVID-19 disruptions, mentioned the Department of Statistics Malaysia (DoSM).
Chief statistician Datuk Sri Mohd Uzir Mahidin mentioned this was primarily contributed by the expansion in the Number of Housing Units Approved.
The LI is a predictive software used to anticipate economic upturns and downturns in a mean of 4 to six months forward.
In a press release right now, he mentioned the rise in the LI is a positive indication of a greater economic recovery in the approaching months.
He mentioned the latest floods are anticipated to have a restricted impact on the economic recovery as the federal government’s transfer to present support, particularly the RM1.4 billion Keluarga Malaysia Flood Relief Fund, is anticipated to assist revive economic actions in the affected areas.
Meanwhile, the Coincident Index (CI) climbed by 3.0 per cent year-on-year to 114.3 factors in November 2021.
“The CI, which measures the general present economic efficiency, has been choosing up since August 2021, reflecting a rise in economic actions as containment measures are progressively relaxed,” mentioned Mohd Uzir. – Bernama
