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Malaysian Leading Index Improves In December

A leading indicator of Malaysia's economic performance improved in December, after falling in the previous month, data released by the Department of Statistics showed Monday.

The leading economic index, which monitors the economic performance in advance, increased 0.4 percent to 111.7 in December from 111.2 in November. In October, the reading was 112.9. Year-on-year, the index remained unchanged in December.

The increase in the leading index reflected improvement in the real money supply component, M1, real imports of semi-conductors and real imports of other basic precious and other non-ferrous metal, the agency said.

The coincident index, which measures the current economic activity, moved up 0.2 percent to 114.3 in December from 114.1 in the previous month. Compared to December 2010, the coincident index rose 1.2 percent. At the same time, the lagging index rose to 125.2 during the month from 125 in November.

by RTTNews Staff Writer

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