Economic growth is anticipated to ease in July to September 2019
According to the Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for the reference month of March 2019, Malaysia’s economic growth is anticipated to ease in July to September 2019. The monthly change of Leading Index (LI) augmented in March 2019, posting a growth of 0.7 per cent to attain 117.1 points from 116.3 points in the previous month. This was primarily due to the increase of Real Money Supply, M1 (0.4%) and Real Imports of Other Basic Precious & Other Non-ferrous Metals (0.3%). The annual change of LI showed an improvement from negative 2.8 per cent in February 2019 to negative 1.7 per cent in March 2019. The composite of LI is designed to monitor the economic direction in an average of four to six months ahead.
The Coincident Index (CI) which examines the current economic activity, decreased 0.1 per cent in the reference month. Three out of six components weigh down the performance of CI mainly the Real Salaries & Wages in Manufacturing sector (-0.3%). However, the annual change of CI grew 2.2 per cent in March 2019.
The Diffusion Index for LI and CI performed better in March 2019 compared to the last month. The Diffusion Index for LI posted 57.1 per cent while the Diffusion Index for CI reached 83.3 per cent.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
24 May 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