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Malaysia Coincident Index Rises 2.6% in April

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Malaysia's coincident index, which measures current economic performance, rose 2.6% in April to 131.6 points from 128.3 in the same month of the previous year, according to the Department of Statistics Malaysia on Thursday.

From a monthly perspective, the coincident increased 0.9% in April compared with 0.8% in the previous month, driven by a 0.6% growth in the Industrial Production Index and 0.5% growth in capacity utilization in manufacturing, the statement said.

The pickup in economic momentum was largely driven by increases in all components, particularly the Industrial Production Index, which rose by 8.3%.

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