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Malaysia’s leading index up 5.2 pct in July

KUALA LUMPUR, Sept. 24 (Xinhua) — Malaysia’s economy is expected to continue strengthening in the fourth quarter, with the leading index recording a growth of 5.2 percent in July.
The Department of Statistics Malaysia (DOSM) said in a statement on Tuesday that the growth was driven by the real imports of semiconductors which surged 36.7 percent and the Bursa Malaysia Industrial Index that soared 35.4 percent.
The monthly performance of the leading index also showed a rebound of 1.1 percent in July, compared to a decline of 0.4 percent in June.
The real imports of semiconductors contributed the most to the growth, indicating a resurgence in the technology sector and related industries.
Looking at the long-term trend data in July, the leading index consistently exceeded 100 points, illustrating a resilient Malaysian economy supported by expansion in domestic consumption and continued demand by external markets. ■

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