Malaysia’s economy is expected to keep growing albeit at a slower pace in June to August 2019
Malaysia’s economy is expected to keep growing in June to August 2019 albeit at a slower pace according to the Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for the reference month of February 2019. The monthly growth rate of Leading Index (LI) decreased 2.2 per cent by registering 116.3 points in February 2019 as against 118.9 points in January 2019. Two components that posted the highest percentage decrease were Real Imports of Semi Conductors (-0.9%) and Number of Housing Units Approved (-0.6%). The LI also showed a slower momentum of year-on-year change in February 2019. The LI is able to point out the direction of economy for an average of four to six months ahead.
The Coincident Index (CI) which indicates the current economic performance, decreased 0.9 per cent in the reference month. Capacity Utilisation in Manufacturing sector (-0.7%) was the component that led to the significant decrease. However, the annual change of CI rose 2.9 per cent in February 2019.
The Diffusion Index for CI reached 50.0 per cent. Concurrently, the Diffusion Index for LI in February 2019 remained below 50.0 per cent since December 2018 after reaching 71.4 per cent in November 2018.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
25 April 2019
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7187 / 7942
Fax : +603-8888 9248
Email : jpbkkp[at]dosm.gov.my