23 Jul 2021 / 13:30 H. Pix for representational purpose only. -Bernama
KUALA LUMPUR: Malaysian economy is anticipated to face challenges in preserving the recovery momentum as the Leading Index (LI) which acts as an indicator of the future movement of the overall economy eased to 6.9 per cent in May 2021 year-on-year (y-o-y) after rising 15.7 per cent in April, said the Department of Statistics Malaysia (DOSM).
Chief statistician Datuk Seri Mohd Uzir Mahidin said the growth was driven by real imports of other basic precious and other non-ferrous metals and the number of housing units approved.
At the same time, he said, the LI declined by 2.9 per cent month-on-month with real imports of other basic precious and other non-ferrous metals (-1.2 per cent) particularly platinum was among the components that underpinned the decrease of LI.
Kuala-lumpur
Malaysia
Malaysian
Mohd-uzir
Mohd-uzir-mahidin
Department-of-statistics-malaysia
Leading-index
Statistics-malaysia
Datuk-seri-mohd-uzir-mahidin
Coincident-index
குவாலா-லம்பூர்
மலேசியா