The performance of indexes show that the Malaysian economy is expected to expand further between July to September 2017.
The Leading Index (LI) which monitors the economic performance in advance increased in March 2017. The LI rose 1.2% to 118.9 points in the reference month as against 117.5 points in the previous month. The favourable growth was supported by the increases in Number of New Companies Registered (1.1%), Real Imports of Semi Conductors (0.4%), Real Money Supply, M1 (0.3%) and Expected Sales Value in Manufacturing Sector (0.1%). The annual change of LI also increased to 1.8% in March 2017 from 1.1% in February 2017.
The Coincident Index (CI) which measures the current economic activity, showed an increase in March 2017 by 0.3%. The components that contributed to the growth were Volume Index of Retail Trade (0.7%), Real Salaries & Wages in Manufacturing Sector (0.4%) and Total Employment in Manufacturing Sector (0.1%). The annual change of CI improved further to 2.9% in the reference month. Gross Domestic Product at constant price for the first quarter of 2017 continued to expand with a growth of 5.6% as compared to 4.5% in the previous quarter.
The annual change of LI and CI indicated better performance in March 2017 as compared to the preceding month. In addition, the level of both Diffusion Indexes also remained above 50.0% for three consecutive months. In summary, the indexes show that the Malaysian economy is expected to expand further between July to September 2017.
DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
22 May 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