Malaysia's leading index, a measure of economic performance in the next few months, declined 0.4% in January to 157.3 points, a report by the Department of Statistics said. The six-month smoothed growth rate decreased further to minus 3.6% in January from minus 3% in December.
Meanwhile, the coincident index, a measure of current economic activity, slipped 1.1% to 113.7 points in January. The six-month smoothed growth declined further to minus 10.7% from minus 9.7% in December.
The statistical office said the continuing weakness in the six-month smoothed growth rates of the leading and the coincident index indicate that the economy will continue to slow down in the months ahead.
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