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aws试用账号(www.2km.me)_Leading index rises 0.3% in October on recovery theme

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Chief statistician Datuk Seri Mohd Uzir Mahidin said real imports of semiconductors remained the major contributor to the increase in the LI. There was positive demand for electronic integrated circuits.

PETALING JAYA: The annual Leading Index (LI) rose 0.3% to attain 109.5 points in October 2021 after registering 0.6% in September 2021.

Chief statistician Datuk Seri Mohd Uzir Mahidin said real imports of semiconductors remained the major contributor to the increase in the LI.

There was positive demand for electronic integrated circuits.

In the meantime, the LI contracted by 0.9% in the reference month against the previous month.

“Real money supply, M1, followed by real imports of other basic precious and other non-ferrous metals and number of housing units approved attributed primarily to the decline of the LI, with each component recorded a negative 0.3%,” he said in a statement yesterday.

The LI is a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead.

Mohd Uzir said the performance of the LI in October 2021 remained positive, with the smoothed LI continuing above the long-term trend and moving upwards.

“Based on the scenario, a more promising outlook is anticipated in the near term, if gradual normalcy of economic activities persists.

“In addition, the progressive lift of the restrictions in mitigating the economic impact, together with the resumption of inter-state travel brought positive vibes to the economy in regaining its growth momentum,” he said.

He said throughout October 2021, the economy continued to improve as more states moved into the next phases of the National Recovery Plan.

“Correspondingly, the current economic performance through the Coincident Index (CI) showed a better momentum to further increase to 2.1% in October 2021 (September 2021: 0.3%) to reach 113.3 points as opposed to 111 points in October 2020,” he said.

Furthermore, the CI continued to record a positive month-on-month growth of 0.8% in the reference month.

“This growth was significantly attributed by the increase in volume index of retail trade (0.4%) and total employment in the manufacturing sector (0.3%),” he said.

He noted that the favourable LI performance indicates a more optimistic prospect for the upcoming months if the gradual normalisation of economic activity continues in tandem with the easing of interstate travel.

Nevertheless, the recent devastating floods that hit the central and east coast regions of the country are cause for concern. — Bernama


转载说明:本文转载自Sunbet。

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