Looking at the smoothed long-term trend in October 2022, the Leading Index started trending below the 100.0 point mark, the department said in a statement today.
"This increase was supported by the number of housing units approved and real imports of other basic precious and other non-ferrous metals,” the statement said. This trend was driven by the Bursa Malaysia Industrial Index , real imports of semiconductors , real money supply M1 and expected sales value for manufacturing .
"As for the current economic position, the Coincident Index recorded an increase of 6.5 per cent year-on-year to 120.5 points in October 2022 .
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