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Malaysia's leading index, which measures economic performance for the next few months, fell 0.2% month-on-month in August, the Department of Statistics said Friday. The six-month smoothed growth rate declined to 8.4% from 9.6% in the previous month.
Meanwhile, the coincident index, which measures current activity, rose 0.1% in August. The six-month smoothed growth rate was 0.7% compared to minus 0.1% in July.
The statistical office said the six-month smoothed rate of both the leading and coincident indices showed favorable growth in August, indicating that the economy was moving towards positive growth in the near term.
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