Malaysia's economy continues
expanding.
by MEDIA CONTACT RESOURCES, INC.
Looking ahead to the first quarter 2008, the Malaysia Department of
Statistics says that the country's economy will continue expanding.
This conclusion is based on the most recent Leading Indicators report
(September 2007) published by the statistics agency. Specifically, the
forecast relies on a smoothed, six month average calculation of the
Leading Indicator, which shows a rate of growth of 6.0 percent.
Growth of the Leading Indicator (LI) was 7.4 percent in August
2007, but it declined to 6.0 percent in September 2007.
Malaysia's Coincident Indicator (CI), which is more sensitive
to developments impacting directly on the country's consumers,
registered a gain of 0.3 percent in September 2007, moving to 123.3
points in September 2007 from 122.9 points in August 2007.
The statistics agency said that the September 2007 gain was
attributable to growth of salaries and wages in the manufacturing
sector, and manufacturing sales. Malaysia's housing permits
approved index gained 0.3 percent in September 2007 as well.
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NOTE: All illustrations and photos have been removed from this article.