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Slower GDP growth rate seen

PETALING JAYA: Malaysia’s economy is expected to grow at a slower rate in the next four to six months based on the decline in the monthly leading index (LI), according to the Statistics Department.

The department said the monthly change in the LI showed a negative growth of 1.1% to 117.8 points in May 2018 from 119.1 points in April 2018.

The department said this was mainly due to the 0.5% decrease in the number of new companies registered.

“The annual change in the LI also registered a decrease of 0.7% in the same month as against 1.4% in April 2018,” it said in a statement yesterday.

The LI indicators are useful as short-term predictors of the economy.


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