Overview

Leading Index continued its good performance in June 2022 to record 5.3 per cent, year-on-year

The annual change of Leading Index (LI) continued its good performance, registered a growth of 5.3 per cent to record an index of 111.7 points in June 2022 after a rise of 2.3 per cent in the previous month (May 2022: 111.3 points). The increase was mainly backed by the increment in Real Imports of Other Basic Precious & Other Non-ferrous Metals driven by the import of platinum-based metals and influenced by the low base effect from the previous year (June 2021: 106.1 points). Concomitantly, the monthly change of LI increased 0.4 per cent in the reference month attributed mainly by Real Imports of Other Basic Precious & Other Non-ferrous Metals (0.6%) and Number of New Companies Registered (0.6%). In June 2022, the LI which shows the ability to anticipate the future direction of the economy signals confidence towards further growth in the coming months through smoothed long-term trend index movements that intact above 100.0 points. This is in line with the anticipated promising signs of strong domestic and export demand as well as the reopening of international borders amid slow global economic growth.

For the current economic scenario, the Coincident Index (CI) spiked 12.6 per cent year-on-year to record 121.5 points in June 2022 in tandem with the economic performance in the second quarter of this year where strong growth was recorded in June 2022. Furthermore, the CI registered 0.2 per cent month-on-month led by the increases in Industrial Production Index (0.9%), Capacity Utilisation in Manufacturing sector (0.7%) and Total Employment in Manufacturing sector (0.2%).

The Diffusion Index for LI recorded 42.9 per cent in June 2022. At the same time, the Diffusion Index for CI remained at 100.0 per cent since December 2021 representing that all the CI components increased over the past six months.

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, June 2022 can be downloaded through eStatistik Portal.

Released by:

DEPARTMENT OF STATISTICS MALAYSIA

25 August 2022
 

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