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Malaysian Economic Indicators Leading Coincident Lagging Indexes - June 2016

IB Insights
By IB Insights
9 years ago
Malaysian Economic Indicators Leading Coincident Lagging Indexes - June 2016

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  1. EMBARGO : Only to be published or disseminated at 1200 hours, 24 August 2016 DEPARTMENT OF STATISTICS MALAYSIA PRESS RELEASE MALAYSIAN ECONOMIC INDICATORS: LEADING, COINCIDENT & LAGGING INDEXES JUNE 2016 Highlights The Leading Index (LI) which monitors the economic performance in advance rose in June 2016. The LI posted a growth of 0.8% to 117.3 points from 116.4 points in May 2016, supported by the increases in five out of seven components of LI. Number of Housing Units Approved (0.3%), Real Money Supply, M1 (0.2%) and Real Imports of Other Basic Precious & Other Non-ferrous Metal (0.2%) were the main components that contributed to the increment. The annual change of LI showed an improvement in June 2016 as compared to the preceding month. The Coincident Index (CI) which measures the current economic activity, grew by 1.5% in June 2016. This was stimulated by the increases in five out of six CI components, of which Volume Index of Retail Trade (0.5%), Real Salaries & Wages in Manufacturing Sector (0.4%) and Industrial Production Index (0.3%). The annual change of CI expanded to 2.4% as against 1.6% in the previous month. The annual change of LI and CI continue to show improvement in the reference month. Supported by the level of both Diffusion Indexes above 50.0%, it is expected that the Malaysia’s economy will expand in the following months. (The complete indicators on Leading, Coincident and Lagging Indexes are shown in the following Table 4 Released By: THE OFFICE OF CHIEF STATISTICIAN MALAYSIA DEPARTMENT OF STATISTICS, MALAYSIA 24 August 2016 Contact person: 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 ).