The growth was primarily supported by a sturdy gain in the number of housing units approved, real imports of other basic precious and other non-ferrous metals and number of new companies registered, the Department of Statistics Malaysia (DOSM) said in a statement.
Compared to the previous month, the LI returned to a positive growth of 1.6 percent in August from a negative 2 percent mainly propelled by the number of housing units approved (1.1 percent) and real imports of semiconductors (1 percent).
"Moving forward, there are signs that Malaysia will continue to uphold its growth momentum as tracked by the smoothed long-term trend index where it remains surpass 100.0 points," said the DOSM.
However, it said the economic growth performance depends on initiatives taken to address the cost of living and efforts in mitigating the effects of slow global economic growth and trade activity.
In relation to the current economic situation, the Coincident Index (CI) achieved a better index at 120.5 points in August.
Accordingly, it increased by 9.8 percent compared to 109.7 points in the same month of the previous year.
As for the monthly performance, CI recorded 0.8 percent in the reference month after recording a decrease of 1.6 percent in July.
The growth was significantly contributed by the industrial production index (0.3 percent) and total employment in the manufacturing sector (0.2 percent).
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