Overview

The economy is anticipated to expand at a slower rate between September to November 2018

According to the performance of Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for May 2018, the Malaysian economy is anticipated to expand at a slower rate in the next four to six months ahead. The monthly change of Leading Index (LI) showed a negative growth of 1.1 per cent to 117.8 points in May 2018  from 119.1 points as recorded in April 2018. This was mainly due to the 0.5 per cent decreased in the Number of New Companies Registered. The annual change of LI also registered a decrease of 0.7 per cent in the same month as against 1.4 per cent in April 2018. The LI indicators are designed to observe the economic performance in the short term.

Meanwhile, the Coincident Index (CI) which reflects the current economic activity, improved in May 2018. The CI posted a growth of 0.3 per cent in the reference month. The Volume Index of Retail Trade (0.5%) and Real Salaries & Wages in Manufacturing sector (0.2%) were the components that accounted for the increase. The annual change of CI rose 2.2 per cent in May 2018.

The Diffusion Index for CI remained at 66.7 per cent since January 2018. Nevertheless, the level of Diffusion Index for LI was below 50.0 per cent (14.3%).

(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 July 2018

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