Malaysia's leading economic index dropped by 0.5 percent month-on-month in August 2020, after a 4.4 percent gain a month earlier. It was the first decline in leading economic index since March, dragged by number of new companies registered (-0.6 percent vs 1.0 percent in July), real imports of semi conductors (-0.4 percent vs 0.3 percent) and number of housing units approved (-0.1 percent vs 0.2 percent). Year-on-year, the index rose by 7.6 percent, unchanged from a downwardly revised figure in July. Meanwhile, the coincident index, which measures the overall current economic performance, was up 0.5 percent month-on-month in August, much softer than a 1.3 percent growth in July.
Leading Economic Index in Malaysia averaged 0.18 percent from 1991 until 2020, reaching an all time high of 4.90 percent in May of 2020 and a record low of -5 percent in March of 2020. This page provides - Malaysia Leading Composite Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Leading Economic Index - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Department of Statistics, Malaysia
Leading Economic Index in Malaysia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Malaysia to stand at 2.00 in 12 months time. In the long-term, the Malaysia Leading Economic Index is projected to trend around 1.80 percent in 2021, according to our econometric models.