Overview

The economic activity is expected to continue expanding throughout the year 2017.

The annual change of Leading Index (LI) which monitors the economic performance in advance increased 0.6% in June 2017. Nevertheless, the monthly change of LI showed a negative growth of 0.6% in the reference month. Real Imports of Semi Conductors (-0.5%) and Expected Sales Value in Manufacturing Sector (-0.4%) were the components that significantly caused the decrease.

The Coincident Index (CI) which measures the current economic activity, rose 0.4% in June 2017. This was driven by the increase in Volume Index of Retail Trade (0.7%) and Industrial Production Index (0.2%). The annual change of CI increased 4.0% in the reference month. The increase is in line with the growth of Gross Domestic Product at constant price which expanded 5.8% in the second quarter of 2017 from 5.6% in the previous quarter.

The annual change of LI and CI in June 2017 remained favorable at a slower momentum as compared to the previous month. At the same time, both Diffusion Indexes sustained above 50.0% since January 2017. Supported by the growth rate shown in Chart 1, the economic activity is expected to continue expanding throughout the year 2017.

Note:

P Peak, T Trough
(The complete indicators on Leading, Coincident and Lagging Indexes are shown in the following Table 4   ).

Released By:

DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA

23 August 2017

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Ho Mei Kei
Public Relation Officer
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Department of Statistics, Malaysia
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