Economic growth is expected to continue to ease for the first quarter of 2019
The Malaysia’s economic growth is expected to continue to ease between January to March 2019, according to the performance of Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for September 2018. The annual change of Leading Index (LI) stated that the index decreased 1.7 per cent in the reference month. Concurrently, the monthly change of LI posted a negative growth of 0.8 per cent to 117.9 points in the same month as against 118.9 points in August 2018. This was due to the declining of Real Imports of Semi Conductors (-0.4%), Real Imports of Other Basic Precious & Other Non-ferrous Metals (-0.4%) and Number of Housing Units Approved (-0.3%). The LI is designed to monitor the economic performance direction in an average of four to six months ahead.
The Coincident Index (CI) which examines the current economic activity, decreased 0.7 per cent in September 2018. Three out of six components weigh down the performance of CI mainly the Volume Index of Retail Trade (-0.9%). However, the annual change of CI grew 3.4 per cent in the reference month.
The Diffusion Index for LI performed better in September 2018 with 57.1 per cent. Meanwhile, the Diffusion Index for CI remained 83.3 per cent since August 2018.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
22 November 2018
Ho Mei Kei
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]dosm.gov.my