Overview

Anticipating favourable economic performance if pandemic eases

In April 2021, Malaysia’s Leading Index (LI) remained to register a double-digit growth at 15.7 per cent to record an index of 111.8 points after a surge of 17.2 per cent in the previous month (March 2021: 113.2 points). The improvement was supported by positive contributions of all LI components and influenced primarily by the low base effect from the previous year (April 2020: 96.6 points). Meanwhile, the LI decreased by 1.2 per cent for month-on-month performance. The growth rate of smoothed LI which is used to predict the direction of economic movements in the near future remained positive. The LI anticipates favourable economic performance if pandemic eases. The short-term outlook is in line with the strengthening of global demand in which some countries have relaxed their economy besides the success of herd immunity and effective roll out of National Recovery Plan to accelerate the country's economic recovery.

The Coincident Index (CI) augmented by 0.8 per cent to reach 115.4 points in April 2021 from 114.5 points in the previous month supported by significant increases in Capacity Utilisation in Manufacturing sector (0.9%) and Volume Index of Retail Trade (0.6%). Similarly, the performance of CI which reflects the current state of the economy jumped to an annual growth of 20.3 per cent in the reference month from 4.1 per cent in March 2021.

The Diffusion Index for LI showed a declining trend in April 2021 by posting 57.1 per cent, represents an increase of four LI components as against to the past six months. Apart from that, the Diffusion Index for CI remained at 66.7 per cent as in the preceding month.

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, April 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 June 2021
 

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