Malaysia’s Leading Index increased by 8.6% to reach 109.5 points in September 2020 from 100.8 points in the same month of 2019, according to data provided by the Department of Statistics.
Correspondingly, the number of new companies registered, especially in the wholesale & retail trade subsector, significantly contributed to the increase. “In addition, the announcement of the 2021 Budget which is targeted at the rakyat’s prosperity, business continuity and economic resilience, will revitalise the economy from the pandemic’s aftermath,” he said.
Meanwhile, the coincident index attained 113.1 points in the reference month, showing a better annual growth trend by registering a decrease of 1% in September 2020 compared with -2.3% in August 2020.
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