KUALA LUMPUR, Dec 23 — The Malaysian economy is expected to start moderating in the months ahead in 2023 impacted by global economic uncertainty, said the Department of Statistics Malaysia .
Chief statistician Datuk Seri Mohd Uzir Mahidin said that Malaysia's LI rose 0.4 per cent to 109.6 points in October 2022 versus 109.2 points in the same month last year, a rise of 0.4 index points. However, on a monthly basis, the LI recorded a negative 0.3 per cent in October 2022 against a negative 1.3 per cent in September 2022, the statement said.
LI is a predictive tool to anticipate economic upturns and downturns in an average of four to six months ahead.
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