Near term economic prospects remain upbeat
Malaysia’s Leading Index (LI) increased to 110.0 points in January 2021 from 101.7 points in the same month last year to attain an annual growth of 8.2 per cent. The increase in LI was supported by the persistent increase in Bursa Malaysia Industrial Index which was attributed by the Health Care Index and Transportation & Logistic Index. Correspondingly, the LI showed an increase of 0.7 per cent based on monthly comparison. The growth was mainly contributed by Expected Sales Value in Manufacturing sector (0.7%). At the same time, the growth rate of smoothed LI remained above the trend which indicates that the Malaysia’s near term economic prospects remain upbeat, in line with the vaccine inoculation. Besides that, a more eased economic containment measures raise hopes for bringing the economic impacts under control.
The Coincident Index (CI) declined by 0.4 per cent to reach 111.0 points in January 2021 from 111.4 points in the previous month supported by a significant decreased by Real Contributions to Employee Provident Fund (EPF) (-0.5%). Similarly, the performance of CI which reflects the current state of the economy slowed to an annual growth of negative 2.2 per cent in January 2021 from negative 1.3 per cent in the preceding month.
The Diffusion Index for LI showed a downward trend in January 2021 by registering 57.1 per cent. Aside from that, the Diffusion Index for CI remained at 66.7 per cent as in a month before.
The full publication of the Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes, January 2021 can be downloaded through eStatistik Portal.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
24 March 2021
Mohd Yusrizal Ab Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : yusrizal.razak[at]dosm.gov.my