The leading index for Malaysia, which measures the future economic activity, increased for the second straight month in July, survey data from the Department of Statistics showed Wednesday.
The leading index rose by 0.9 percent monthly to 118.6 in July from 117.6 in the previous month. In May, the index was at 117.2.
Among the components, expected sales value in manufacturing sector grew 0.8 percent and real imports of semi conductors gained by 0.3 percent.
On an annual basis, the leading index climbed at a slower pace of 0.3 percent in July, following a 0.8 percent rise in June.
At the same time, the coincident index that reflects the current economic activity, dropped to 120.7 in July from 122.2 in the prior month. It was the lowest reading since July 2014, when it marked 120.2.
The lagging index, which is an indicator of past economic activity, came in at 141.7 in July, up slightly from 141.5 in the preceding month.
Citing the data, the agency said it expects the Malaysian economy to continue to grow at a slower rate in the coming months.
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