KUALA LUMPUR, Nov. 25 (Xinhua) -- Malaysia's leading index grew 1.8 percent year-on-year to 111.5 points in September, indicating the country's economy will continue to grow in the near term, official data showed Monday.

The growth marks a positive performance for the tenth consecutive month since December 2023, and the Bursa Malaysia Industrial Index was the main contributor to this increase, rising by 30.4 percent, the Department of Statistics Malaysia said in a statement.

Looking at the smoothed long-term trend in September 2024, the leading index consistently exceeded 100 points, indicating that the Malaysian economy is expected to continue growing, backed by optimistic domestic economic performance.

Regarding the current economic performance, the coincidence index (CI) also experienced an annual increase of 1.3 percent, reaching 125.6 points.

This performance was driven by almost all components, except for the real salaries and wages in manufacturing, which decreased by 0.6 percent. Enditem

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