KUALA LUMPUR: 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 (DoSM).
Looking at the smoothed long-term trend in October 2022, the Leading Index (LI) started trending below the 100.0 point mark, the department said in a statement today.
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.
"This increase was supported by the number of housing units approved and real imports of other basic precious and other non-ferrous metals,” the statement said.
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