Overview

Leading Index rebounded 0.6 per cent in September 2021 as against negative 2.3 per cent in August 2021, anticipating a healthier economic prospect in the near future

During September 2021, Leading Index (LI) bounced back following the relaxation of economic activities in line with the transition phase of the National Recovery Plan (NRP). The LI recorded an increase of 0.6 per cent to 110.5 points in the reference month as compared to 109.8 points in the same month of the preceding year after a decrease of 2.3 per cent in August 2021. The expansion of the LI was primarily backed by the increment in Real Imports of Semi Conductors driven by the encouraging demand of electronic integrated circuit. Correspondingly, the LI further grew to 4.0 per cent based on monthly comparison. The growth was underpinned significantly by a better performance in Real Imports of Other Basic Precious & Other Non-ferrous Metals that increased 1.6 per cent and Real Imports of Semi Conductors (1.1%). Overall, the LI showed a better performance which anticipated a healthier economic prospect in the near future. Moving forward, the announcement of expansionary budget for 2022 with the theme of “A Prosperous Malaysian Family” is expected to minimise the economic pressure and bring the economic growth on track.

The performance of Coincident Index (CI) which reflects the current state of the economy showed a better year-on-year growth by registering 0.3 per cent in September 2021 from a drop of 1.6 per cent recorded in August 2021. In the meantime, the monthly change of CI increased 3.9 per cent in the said month supported by all CI components with the largest positive from Volume Index of Retail Trade (1.5%).

The Diffusion Indexes for LI remained at 14.3 per cent. Meanwhile, the Diffusion Index for CI indicated an improvement in September 2021 to register 28.6 per cent after recording 0.0 per cent in August 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, September 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 November 2021
 

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