Malaysia predicts favourable economic performance post pandemic

Malaysia’s leading index rose 15.7 percent year-on-year in April, hinting favourable economic performance if pandemic eases, said the Department of Statistics Malaysia (DOSM) on Friday.

The DOSM said in a statement that the improvement was supported by positive contributions of all leading index components .

It is influenced primarily by the low base effect from the previous year.
On a month-on-month basis, the leading index decreased by 1.2 percent.

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

Domestic tourism suspends as COVID-19 cases surge in Uganda

Meanwhile, the coincident index, which reflects the current state of the economy, expanded 20.3 percent year-on-year in April.

On a month-on-month basis, it grew 0.8 per cent, driven by the increases in capacity utilization in the manufacturing sector and volume index of retail trade.