May Leading Index anticipates economic momentum to continue growing in September to November 2019
The Leading Index (LI) which monitors the economic direction in an average of four to six months ahead, posted 117.9 points in May 2019 from 119.9 points in the previous month. This reflected a monthly negative growth of 1.7 per cent mainly attributed by Expected Sales Value in Manufacturing sector (-0.6%). The annual change of LI also showed a similar trend with a growth of negative 0.3 per cent. However, the movement of the LI anticipates economic momentum to continue growing and still on right track.
The Coincident Index (CI) which measures the current state of the economy, attained 137.9 points in the reference month. The index showed an increase of 0.3 per cent from the previous month. The gain was fuelled by Volume Index of Retail Trade (0.7%) which outweigh the decline in Total Employment in Manufacturing sector (-0.2%), Industrial Production Index (-0.1%) and Capacity Utilisation in Manufacturing sector (-0.1%). The year on year change of CI also augmented to 3.1 per cent in May 2019.
The Diffusion Index for LI falls below 50.0 per cent in the reference month after reaching 100.0 per cent in April 2019. However, the Diffusion Index for CI stagnated at 83.3 per cent for three consecutive months since March 2019.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
25 July 2019
Rohaida binti Mohamad
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : rohaida.mohamad[at]dosm.gov.my