Stronger Leading Index in April indicates a better economic performance in August to October 2019
The Malaysia’s economic growth is expected to show a better performance in August to October 2019. This is supported by a stronger Leading Index (LI) which monitors the economic direction in advance. A 2.6 per cent surge in monthly change of LI to attain 120.0 points in April 2019 from 117.0 points in March 2019 was mainly underpinned by the increase in Real Imports of Semi Conductors (0.8%) and Real Imports of Other Basic Precious & Other Non-ferrous Metals (0.7%). At the same time, the annual change of LI improved further to 0.4 per cent in the reference month.
The Coincident Index (CI) augmented 0.4 per cent in April 2019. Industrial Production Index and Real Contributions to Employees Provident Fund (EPF) were the significant contributors to the increase with a growth of 0.2 per cent, respectively. The annual change of CI also rose 2.7 per cent in April 2019.
The Diffusion Index for LI improved to 100.0 per cent for the first time since February 2012. This indicates increases for all LI components as against the previous six months. However, the Diffusion Index for CI posted 66.7 per cent in the reference month.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
25 June 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