Malaysia Leading Index Weakens In July

(RTTNews) - Malaysia's leading index, which measures future economic activity, continued to moderate in July, data from the Department of Statistics showed on Wednesday.

The leading economic index dropped by 0.5 percent to 114.3 in July compared to 114.9 percent in the same month last year.

Double-digit declines in real imports of other basic precious and other non-ferrous metals and the Bursa Malaysia Industrial Index influenced the softer performance.

Meanwhile, the monthly index improved 0.5 percent in July after a 0.3 percent fall in June. This recovery was driven by strong performance in five out of seven components, particularly the real imports of semiconductors.

The coincident index, which measures the overall current economic performance, climbed to 129.7 in July from 126.9 in the corresponding month of 2024.