The leading index for Malaysia, which measures the future economic activity, dropped in January after rising in the previous two months, survey data from the Department of Statistics showed Tuesday.
The leading index fell by 0.3 percent month-over-month to 119.6 in January from 119.9 in December. In November, the reading was 119.3.
Among components, expected sales value in the manufacturing sector dipped 0.4 percent and real money supply edged down by 0.1 percent. Number of housing units and number of new companies registered also decreased at the start of the year.
On an annual basis, leading index increased at a slower pace of 2.3 percent in January, following a 3.3 percent rise in the prior month.
The coincident index that indicates the current economic activity rose slightly to 122.3 in January from 122.1 in December.
Yearly, the index climbed 2.2 percent in January, faster than previous month's 1.9 percent climb.
The lagging index, which reflects the past economic activity also increased to 140.3 from 140.0.
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