Overview

Malaysia’s economy is expected to continue to strengthen between May to July 2018

The Leading Index (LI) which monitors the economic performance in advance registered a growth of 0.8% in January 2018 to 120.3 points from 119.3 points in December 2017. Real Imports of Semi Conductors and Number of Housing Units Approved, which recorded 0.5% respectively, were among the components that caused this increase. The annual change of LI rose to 2.1% as compared to 1.7% in the preceding month.

The Coincident Index (CI) which measures the current economic activity, rose to 0.5% in January 2018. Three components that contributed positively to the increase were Total Employment in Manufacturing sector (0.3%), Real Salaries & Wages in Manufacturing sector (0.2%) and Volume Index of Retail Trade (0.1%). The annual change in CI increased by 4.0% in the reference month as against 3.3% recorded in December 2017.

The LI and CI showed a good performance in January 2018 as compared to the preceding month. At the same time, both Diffusion Indexes remained above 50.0%. Thus, the Malaysia’s economy is expected to continue to strengthen between May to July 2018.

Note:

P Peak, T Trough

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

Released By:

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

23 March 2018

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Strategic Communication and International Division
Department of Statistics, Malaysia
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