Overview

The economy is likely to grow at a slow rate in April to June 2019

The Malaysia’s economy is likely to grow at a slow rate in April to June 2019 in view of Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for the reference month of December 2018. The monthly change of Leading Index (LI) decreased 1.4 per cent to 117.3 points in December 2018 from 119.0 points in the previous month. The declined in six out of seven components have weighed down the performance of the LI with the significant decreased by two components namely Real Imports of Other Basic Precious & Other Non-ferrous Metals and Number of Housing Units Approved, which posted negative 0.5 per cent respectively. The annual change of LI also registered a negative growth of 1.7 per cent in the reference month. The LI is designed to monitor the economic performance for an average of four to six months ahead.

The Coincident Index (CI) is a measure of current economic activity, unchanged in December 2018. The increased in Real Salaries & Wages in Manufacturing sector (0.2%) and Real Contributions to EPF (0.1%) were offset by the decreased in Capacity Utilisation in Manufacturing sector (-0.2%) and Industrial Production Index (-0.1%). At the same time, the annual change of CI grew at 3.6 per cent as in the previous month.

The Diffusion Index for CI remained at 100.0 per cent for three consecutive months since October 2018. However, the Diffusion Index for LI posted 42.9 per cent in December 2018.

(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

21 February 2019

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Ho Mei Kei
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Strategic Communication and International Division
Department of Statistics, Malaysia
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