The economic activity will continue to expand in the second half of 2017.
The Leading Index (LI) which monitors the economic performance in advance increased in May 2017. The LI registered a growth of 1.2% to 118.6 points in the reference month from 117.2 points in April 2017. Six of the seven LI components recorded positive growth led by Real Imports of Other Basic Precious & Other Non-ferrous Metal (0.6%) and Number of New Companies Registered (0.2%). The annual change of LI improved to 1.9% in May 2017 from 1.3% in the preceding month.
The Coincident Index (CI) which measures the current economic activity, rose by 0.9% in the reference month. Main components that contributed to the increase were Real Salaries & Wages in Manufacturing Sector (0.3%), Total Employment in Manufacturing Sector (0.2%) and Real Contributions to EPF (0.2%). The annual change of CI recorded the highest growth in 2017, increased to 4.5%. Gross Domestic Product at constant price for the first quarter 2017 continued to expand with a growth of 5.6% as compared to 4.5% in the previous quarter.
The annual change of LI and CI continued to show an encouraging growth in May 2017. Concurrently, both Diffusion Indexes above 80.0% in the reference month. This implies that the economic activity will continue to expand in the second half of 2017.
DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
24 July 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