Overview

The Leading Index in December 2021 ascended to 2.1 per cent, indicating a more sanguine economic outlook in the months ahead despite the surge in COVID-19 cases

Malaysia’s Leading Index (LI) in December 2021 remained in an upward growth trend at 2.1 per cent, reaching 111.5 points over the same month of the previous year (December 2020: 109.2 points). The growth primarily supported by a sturdy gain in the Number of Housing Units Approved. In comparison to the previous month, the LI eased to 0.3 per cent in December 2021 (November 2021: 1.6%). The increase was highly contributed by Real Imports of Semi Conductors (0.7%) and Number of New Companies Registered (0.5%). The LI in December 2021 which continuously above 100.0 points and rising indicates a more sanguine momentum on the economic outlook in the months ahead. Despite the surge of COVID-19 cases, Malaysia optimises its healthcare resources to curb the spread of Omicron variant, rather than reimplementation of economic or social sanctions. Consequently, allows businesses to  regain its momentum to spur economic recovery.

Given the Coincident Index (CI) performance, year-on-year growth increased by 2.2 per cent to register 113.9 points in December 2021 (December 2020: 111.4 points). The CI which depicts the current state of the economy decreased to a monthly change of negative 0.3 per cent in December 2021 (November 2021: 0.9%). The decrease in CI was mainly influenced by the decline of 0.4 per cent in Capacity Utilisation in Manufacturing sector.

The Diffusion Index for LI and CI showed a favourable performance during the reference month. The Diffusion Index for LI registered 71.4 per cent for two consecutive months since November 2021. At the same time, the Diffusion Index for CI improved to 100.0 per cent representing that all CI components increased compared to the six months ago.

The complete indicators on Leading, Coincident and Lagging Indexes are shown in the following Table 4   .

The full publication of the Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes, December 2021 can be downloaded through eStatistik Portal.

Released By:

DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
 DrUzir_Mahidin        Dr_Uzir

25 February 2022
 

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