The momentum of Malaysia’s economy is expected to continue growing in the third quarter of 2018
The growth of Malaysia’s economy is expected to continue between July to September 2018, according to the performance of Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes March 2018. The annual change of Leading Index (LI) stated that the index increased by 0.3 per cent against 1.8 per cent in the previous month. The LI indicators are designed to monitor the economic performance in average of four to six months ahead. However, the monthly change of LI showed a negative growth of 0.5 per cent in the reference month. This was mainly due to the deceleration of the Number of Housing Units Approved to negative 0.7 per cent (February 2018: 0.3%).
The Coincident Index (CI) which examines the current economic activity, rose 0.6 per cent in March 2018, driven by the increase in Real Contribution to EPF (0.4%), Volume Index of Retail Trade (0.3%), Total Employment in Manufacturing sector (0.2%) and Real Salaries & Wages in Manufacturing sector (0.1%). The annual change of CI stepped up to 3.4 per cent in the reference month as compared to 3.1 per cent in February 2018.
The Diffusion Index for CI remained at 66.7 per cent since January 2018. Meanwhile, the Diffusion Index for LI was below 50.0 per cent for two consecutive months.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
25 May 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