Overview

Malaysia's Leading Index for August 2022 moved in an upward trend to reach 111.3 points

Malaysia’s Leading Index (LI) recorded an increase of 4.0 per cent, equivalent of 4.3 points to 111.3 points in August 2022 (August 2021: 107.0 points). The growth was primarily supported by a sturdy gain in the Number of Housing Units Approved, Real Imports of Other Basic Precious & Other Non-ferrous Metals and Number of New Companies Registered. Compared to the previous month, the LI returned to a positive growth of 1.6 per cent in August 2022 from a negative 2.0 per cent mainly propelled by the Number of Housing Units Approved (1.1%) and Real Imports of Semi Conductors (1.0%).

Moving forward, there are signs that Malaysia will continue to uphold its growth momentum as tracked by the smoothed long-term trend index where it remains surpass 100.0 points. However, the economic growth performance depends on initiatives taken to address the cost of living and efforts in mitigating the effects of slow global economic growth and trade activity.

In relation to the current economic situation, the Coincident Index (CI) achieved better index at 120.5 points in August 2022. Accordingly, it increased by 9.8 per cent compared to 109.7 points in the same month of the previous year. As for the monthly performance, CI recorded 0.8 per cent in the reference month after recording a decrease of 1.6 per cent in July 2022. The growth was significantly contributed by the Industrial Production Index (0.3%) and Total Employment in Manufacturing sector (0.2%). 

Five out of seven components of the Diffusion Index for LI showed an improvement over the past six months, registering 71.4 per cent in the reference month. Meanwhile, the Diffusion Index for CI remains at 83.3 per cent since July 2022.

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, August 2022 can be downloaded through eStatistik Portal.

Released by:

DEPARTMENT OF STATISTICS MALAYSIA
25 October 2022

Contact person:

Baharudin Mohamad
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
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