Malaysia economy is expected to continue growing positively in the near term
The Leading Index (LI) which monitors the economic performance in advance increased in August 2017. The LI rose 1.9% to 120.3 points in the reference month as against 118.1 points in the previous month. Main components that contributed to the increase were Number of Housing Units Approved (0.7%), Number of New Companies Registered (0.6%) and Real Imports of Semi Conductors (0.5%). The annual change of LI improved further to 2.6% in the reference month.
The Coincident Index (CI) which measures the current economic activity, decreased 0.4% in August 2017. Three components of CI that posted the decrease were Volume Index of Retail Trade (-0.3%), Capacity Utilisation in Manufacturing Sector (-0.2%) and Total Employment in Manufacturing Sector (-0.2%). However, the annual change of CI improved further to 4.5% 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 continued to show a positive annual change in August 2017. Supported by the level of both Diffusion Indexes above 50.0%, it is expected that the Malaysia’s economy to continue growing positively in the near term.
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DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
24 October 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