KUALA LUMPUR, Jan 4 — The Socio-Economic Research Centre executive director Lee Heng Guie has today said key economic indicators including gross exports, industrial output, wholesale and retail trade sales, banks’ loan demand, etc, showed that the economy has bottomed out, albeit unevenly across the sectors.
“Domestic-oriented industries continued to perform unevenly while the mining sector remained a drag,” he said. “Gross exports continued its strength throughout the first eleven months of 2021, printing a cumulative 25.7 per cent y-o-y growth,” he said. “The headline ‘jobless rate is improving’, pointed to time-related underemployment has increased to 2.1 per cent in the third quarter of 2021 compared to 1.1 per cent in the fourth quarter of 2019.
“Household loans have expanded as a result of higher disbursement across nearly all purposes while increasing business loan was supported by higher demand of working capital. He added that among the significant increases in food prices were fresh meat and fish, eggs, oils, and fresh vegetables. Prices for financial services, housing, water, electricity, gas and other fuels as well as furniture and furnishings also increased substantially.
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