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US – Aug leading index
23/09/2017 09:08 am MYT
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The US leading economic index in Aug rose 0.4% from Jul and 4.4% from a year ago – see figure 1. Over the 6 months to Aug, the leading economic index rose 2.3%. The strengths among the leading indicators have remained widespread.

 

Positive contributors in Aug – beginning with the largest – were building permits, the interest rate spread, average consumer expectations for business conditions, the ISM new orders index, the Leading Credit Index, average weekly manufacturing hours, and manufacturers’ new orders for consumer goods and materials. The only negative contributor was initial claims, while manufacturers’ new orders for nondefense capital goods excluding aircraft and stock prices held steady in Aug.

 

Large positive contributions from the first three components more than offset the large negative contribution from initial claims. The firm leading economic index points to a continued growing economy, albeit at a slower pace.

 

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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