Overview

The Leading Index (LI) bounced back at 2.2 per cent, anticipating positive economic outlook in the months to come.

Leading Index (LI) bounced back to register a positive growth of 2.2 per cent to 111.2 points in May 2022 as compared to 108.8 points in the same month of the preceding year. The expansion of the LI was primarily backed by the increment in Real Imports of Other Basic Precious & Other Non-ferrous Metals driven by the encouraging demand in platinum-based imports. Correspondingly, the LI grew to 0.4 per cent based on monthly comparison. The growth was underpinned significantly by a good performance in the Number of Housing Units Approved (1.2%), Real Imports of Other Basic Precious & Other Non-ferrous Metals (0.2%) and Number of New Companies Registered (0.1%). Overall, LI showed a better performance in May 2022 with the long-term trend index continuously above 100.0 points, anticipating positive economic outlook in the months to come. Moving forward, efficient and effective inflation management by the government is crucial for sustainable economic growth.

The performance of Coincident Index (CI) which reflects the current state of the economy showed a better year-on-year growth by registering 6.4 per cent in May 2022 from 5.3 per cent recorded in April 2022. In the meantime, the monthly change of CI increased 0.8 per cent in the said month supported by the largest positive contribution from Volume Index of Retail Trade (0.7%).

The Diffusion Index for LI showed a downward trend in May 2022, where the index posted points below 50.0 per cent. Meanwhile, the Diffusion Index for CI remained at 100.0 per cent since December 2021.

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, May 2022 can be downloaded through eStatistik Portal.

Released by:

THE OFFICE OF CHIEF STATISTICIAN MALAYSIA

DEPARTMENT OF STATISTICS MALAYSIA

25 July 2022
 

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