Malaysian economy is expected to continue expanding in the first quarter of 2018
The annual change of Leading Index (LI) which monitors the economic performance in advance remained unchanged at 2.6% in September 2017. However, the monthly change of LI registered a decrease of 0.2% in the reference month. The main component that caused the decrease was Number of New Companies Registered (-0.7%).
The Coincident Index (CI) which measures the current economic activity, decreased 0.5% in September 2017. Three components of CI that posted the decrease were Volume Index of Retail Trade (-0.4%), Industrial Production Index (-0.2%) and Real Contributions to EPF (-0.1%). However, the annual change of CI improved further to 3.0% in the reference month. The increase is in line with the growth of Gross Domestic Product at constant price which expanded 6.2% in the third quarter of 2017 from 5.8% in the previous quarter.
The annual change of LI and CI in September 2017 remained favorable at a slower momentum as compared to the previous month. Supported by the level of both Diffusion Indexes above 50.0% since January 2017, it is expected that the Malaysia’s economy to continue expanding in the first quarter of 2018.
P Peak, T Trough
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
24 November 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