Malaysian economy expected to grow in slower pace in near future

Malaysia's economy will continue to expand at a slower pace in the coming months, the Malaysian Statistics Department said here on Thursday.

In a statement issued here, the department said the six-month smoothed growth rate of the Coincident Index (CI) declined to 6.7 percent in June 2010 compared with 8 percent in the previous month.

The six-month smoothed growth rate of the Leading Index (LI) in June 2010, on the other hand, had declined to 2 percent from 3.1 percent in the previous month, said the department.

The CI is an index measuring current economic activity while the LI monitors the economic performance in advance.

In June, the CI had remained unchanged at 122.4 points, but the LI had dropped 0.1 percent to 172.7 points.

Source:Xinhua