The growth was driven by a significant rise in capacity utilisation in the manufacturing sector (0.7 per cent) and total employment in manufacturing sector (0.4 per cent). theSun theSundaily business news economy Malaysia
: Malaysia’s economic recovery will continue to be resilient, as the Leading Index level continues to show an upward trend, rising to 111.3 points in March 2022 from 110.9 points in February 2022, said the Statistics Department .
In a statement on the Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for March 2022, DoSM said the increase in the LI was primarily supported by the rising number of housing units approved and number of new companies registered . He said further analysis from a directional perspective in the short-term indicated that the economy is expected to remain on the path of recovery, despite rising commodity prices following the protracted global conflict which led to a further decline in purchasing power.
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