The Department of Statistics Malaysia (DOSM) cited today that Malaysia’s Leading Index (LI) recorded an increase of 0.3 per cent, equivalent of 0.3 points to 109.9 points in September 2022 (September 2021: 109.6 points).
This increase was supported by the Number of Housing Units Approved and Real Imports of Other Basic Precious & Other Non-Ferrous Metals. According to the monthly performance, LI registered a negative 1.3 per cent in the reference month compared to an increase of 1.8 per cent in August 2022. This downward trend was mainly driven by Real Imports of Semi-Conductors (-0.5%) and Real Money Supply, M1 (-0.4%).
DOSM in its report titled Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes September 2022 released on Nov 25 stated looking at the smoothest long-term trend index recorded in September 2022, it remains above 100.0 points. Therefore, Malaysia’s economy is expected to maintain its growth momentum even though it is slow and facing the uncertainty of the global economy.
Referring to the current economic scenario, the Coincident Index (CI) recorded a better index to 121.2 points in September 2022, an increase of 8.2 per cent compared to 112.0 points in the same month of the previous year. Meanwhile, for the monthly change it increased by 0.6 per cent supported mainly by the Volume Index of Retail Trade (0.3%).
The Diffusion Index for LI showed a decrease in September 2022 to 28.6 per cent compared to 71.4 per cent in August 2022. While the Diffusion Index for CI remained at 83.3 per cent.
