Malaysia’s economy will continue to strengthen between March to May 2018
The Leading Index (LI) which monitors the economic performance in advance registered a growth of 1.0% in November 2017 to 121.3 points from 120.1 points in October 2017. The increased was underpinned by Number of Housing Units Approved (0.5%), Expected Sales Value in Manufacturing sector (0.4%), Real Imports of Other Basic Precious & Other Non-ferrous Metal (0.1%) and Number of New Companies Registered (0.1%). The annual change of LI picked up to 4.5% as compared 3.2% in the last month.
The Coincident Index (CI) which measures the current economic activity, rose 0.5% in November 2017. Two main components that contributed to the increase were Industrial Production Index (0.3%) and Volume Index of Retail Trade (0.2%). The annual change of CI accelerated to 3.6% in the reference month as against 3.5% in the preceding month.
The LI and CI showed a good performance in November 2017 as compared to the preceding month. At the same time, both Diffusion Indexes remained above 50.0%. Based on this scenario, the Malaysia’s economy will continue to strengthen between March to May 2018.
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DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
22 January 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]stats.gov.my