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Malaysia Leading Index MoM
The Leading Index in Malaysia provides an early indication of the direction in which the economy is heading. A number of factors are considered in its calculation, including the real money supply M1, the Bursa Malaysia industrial index, the real total traded (across eight major trading partners: Japan, United States of America, Germany, United Kingdom, Singapore, Thailand, China, Canada), the CPI for services (reversed), industrial material price index, the ratio of price to unit labor cost (manufacturing); the number of housing permits approved; the number of new companies registered; and the trend adjustment factor. As of 2005, the index has a base value of 100.
A higher than expected figure should be seen as positive (bullish) for the MYR while a lower than expected figure should be seen as negative (bearish) for the MYR.