Malaysia’s economy is expected to continue to strengthen between May to July 2018
The Leading Index (LI) which monitors the economic performance in advance registered a growth of 0.8% in January 2018 to 120.3 points from 119.3 points in December 2017. Real Imports of Semi Conductors and Number of Housing Units Approved, which recorded 0.5% respectively, were among the components that caused this increase. The annual change of LI rose to 2.1% as compared to 1.7% in the preceding month.
The Coincident Index (CI) which measures the current economic activity, rose to 0.5% in January 2018. Three components that contributed positively to the increase were Total Employment in Manufacturing sector (0.3%), Real Salaries & Wages in Manufacturing sector (0.2%) and Volume Index of Retail Trade (0.1%). The annual change in CI increased by 4.0% in the reference month as against 3.3% recorded in December 2017.
The LI and CI showed a good performance in January 2018 as compared to the preceding month. At the same time, both Diffusion Indexes remained above 50.0%. Thus, the Malaysia’s economy is expected to continue to strengthen between May to July 2018.
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DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
23 March 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]dosm.gov.my