Malaysia’s economic growth fueled by semiconductor imports
Uzir highlighted that the LI's monthly performance reflected a positive rebound, increasing by 1.1% in July 2024, following a decline of 0.4% in June. He noted that the semiconductor imports, which contributed 1.0% to the LI, signal a resurgence in the technology sector and its related industries. The sustained performance of the LI, which consistently exceeded 100.0 points in July, demonstrates a resilient Malaysian economy bolstered by strong domestic consumption and ongoing demand from international markets.