The momentum of the Malaysian economic growth is expected to continue between August to October 2017.
The annual change of Leading Index (LI) which monitors the economic performance in advance increased 1.4% in April 2017. However, the monthly change of LI registered a decrease of 1.3% to 117.3 points in the reference month from 118.8 points in the previous month. The main components that caused the decrease were Real Imports of Other Basic Precious & Other Non-ferrous Metal (-0.6%), Number of Housing Units Approved (-0.6%) and Number of New Companies Registered (-0.4%).
The annual change of Coincident Index (CI) which measures the current economic activity, continued to increase to 3.8% in April 2017 as against 2.9% in the previous month. Gross Domestic Product at constant price for the first quarter 2017 continued to expand with a growth of 5.6% as compared to 4.5% in the previous quarter. On the contrary, the monthly change of CI showed a decrease of 0.2% in the reference month. Volume Index of Retail Trade (-0.5%) and Industrial Production Index (-0.1%) were the components that contributed to the decrease.
The annual change of LI and CI remained favourable in April 2017. Supported by both Diffusion Indexes above 50.0%, this indicates that the momentum of the Malaysian economic growth is expected to continue between August to October 2017.
DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
22 June 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