Malaysia economy is expected to continue rising in the second half of 2017
The Leading Index (LI) which monitors the economic performance in advance increased in July 2017. The LI registered a growth of 0.2% to 118.1 points in the reference month from 117.8 points in June 2017. The components that contributed to the increase were Expected Sales Value in Manufacturing Sector (0.3%) and Real Imports of Semi Conductors (0.2%). The annual change of LI improved to 2.7% in July 2017 from 0.6% in the preceding month.
The Coincident Index (CI) which measures the current economic activity, rose 0.9% in July 2017. Five of the six CI components recorded positive growth led by Capacity Utilisation in Manufacturing Sector (0.4%), Total Employment in Manufacturing Sector (0.3%) and Real Salaries & Wages in Manufacturing Sector (0.3%). The annual change of CI showed an increase of 5.4% in the reference month, the highest increase in 2017. Gross Domestic Product at constant price 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 an encouraging growth in July 2017. Supported by both Diffusion Indexes above 50.0%, this indicates that Malaysian economy is expected to continue rising in the second half of 2017.
DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
21 September 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