Malaysia’s economy is anticipated to grow in March to May 2019
Malaysia's economy is anticipated to grow in March to May 2019 based on the performance of Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for the reference month of November 2018. The monthly change of Leading Index (LI) increased in November 2018, posting a growth of 0.3 per cent to 119.0 points from 118.7 points in October 2018. The positive contributions were from Number of Housing Units Approved (0.4%), Real Imports of Other Basic Precious & Other Non-ferrous Metals (0.2%) and Bursa Malaysia Industrial Index (0.1%). The annual change of LI registered a negative growth of 1.6 per cent in the reference month. The composite of LI is compiled to provide expected economic direction in an average of four to six months ahead.
The Coincident Index (CI) is a measure of current economic activity, decreased slightly (-0.1%) in November 2018. Real Salaries & Wages in Manufacturing sector (-0.2%) is one of the three components that impetus to the decrease of CI in the reference month. Simultaneously, the annual change of CI grew 3.6 per cent in November 2018.
The Diffusion Index for LI performed better in November 2018 compared to the previous month. The Diffusion Index for LI posted 71.4 per cent while all components of the Diffusion Index for CI increased to achieve 100.0 per cent as in October 2018.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
24 January 2019
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