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.
DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
23 August 2017
Ho Mei Kei
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my