The LI is a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead.
Based on a month-on-month comparison, LI slipped to a negative 0.5 per cent, dragged by the number of housing units approved , number of new companies registered , and the Bursa Malaysia Industrial Index . "This implies that the trend of Malaysia’s economic recovery is in a better direction," said chief statistician Datuk Seri Dr Mohd Uzir Mahidin.
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