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Malaysia – Nov Leading Index
24/01/2020 12:57 pm MYT
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In Nov, the leading index declined marginally by 0.2%, month-on-month, while the 6-month smoothed growth rate grew 2.7% – see figure 1. The main components driving the decline were the contractions in real imports of other basic precious & other non-ferrous metals and the number of housing units approved.

 

Meanwhile, the coincident index edged up 0.3%, month-on-month, whereas the 6-month smoothed growth rate grew 2.4%. This was mainly contributed by in the expansion volume index of retail trade.

 

Year-on-year, the leading index and coincident index respectively grew 1.1% and 2.0%. Compared to the previous month, the diffusion index for the leading index rose to 85.7% in Nov, while the diffusion index for the coincident index remained at 83.3%.

 

Overall, the Malaysian economy is likely to continue its expansion in the near future.

 

 

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