Malaysia's economy continues expanding.Looking ahead to the first quarter 2008, the Malaysia Malaysia (məlā`zhə), independent federation (2005 est. pop. 23,953,000), 128,430 sq mi (332,633 sq km), Southeast Asia. The official capital and by far the largest city is Kuala Lumpur; Putrajaya is the adminstrative capital. Department of Statistics says that the country's economy will continue expanding. This conclusion is based on the most recent Leading Indicators Leading IndicatorA measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators are used to predict changes in the economy, but are not always accurate. report (September September: see month. 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 Coincident Indicator An economic factor that varies directly and simultaneously with the business cycle, thus indicating the current state of the economy. Notes: Some examples include nonagricultural employment, personal income, and industrial production. (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 attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk 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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