Malaysia's leading economic index dropped by 4.9% mom in March 2020, after a 0.8% fall in February. This was the worst reading on record since the series began in February 1991, following a 2-week movement restriction caused by the pandemic, with five out of seven components declining: expected sales value, manufacturing (-1.7% vs -1.2% in February), real imports of semi conductors (-1.1% vs 0.3%), Bursa Malaysia Industrial Index (-0.5% vs -0.2%), real imports of other basic precious & other non-ferrous metals (-1.0% vs 0.4%), and number of new companies registered (-1.6% vs 0.8%). Year-on-year, the index decreased by 3.6%, after a 1.7% rise in February. Meanwhile, the coincident index, which measures the overall current economic performance, fell 6.9% mom, following an upwardly revised 0.7% gain in February, mainly dragged by volume index of retail trade (-2.7%).

Leading Economic Index in Malaysia averaged 0.17 percent from 1991 until 2019, reaching an all time high of 4.50 percent in April of 1994 and a record low of -4.90 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 June of 2020. source: Department of Statistics, Malaysia

Leading Economic Index in Malaysia is expected to be 1.50 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 1.80 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.

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Malaysia Leading Economic Index

Actual Previous Highest Lowest Dates Unit Frequency
-4.90 -0.80 4.50 -4.90 1991 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-02-24 04:00 AM Leading Index MoM Dec -0.8% -0.2% 0.4%
2020-03-25 04:00 AM Leading Index MoM Jan 0.1% -0.3% 1.3%
2020-04-24 04:00 AM Leading Index MoM Feb -0.8% 0.1% -1.5%
2020-05-22 04:00 AM Leading Index MoM Mar -4.9% -0.8% -0.5%
2020-06-25 04:00 AM Leading Index MoM Apr -4.9%
2020-07-24 04:00 AM Leading Index MoM May
2020-08-25 04:00 AM Leading Index MoM Jun 1.5%
2020-09-25 04:00 AM Leading Index MoM Jul


News Stream
Malaysia Leading Economic Index Falls to Record Low
Malaysia's leading economic index dropped by 4.9% mom in March 2020, after a 0.8% fall in February. This was the worst reading on record since the series began in February 1991, following a 2-week movement restriction caused by the pandemic, with five out of seven components declining: expected sales value, manufacturing (-1.7% vs -1.2% in February), real imports of semi conductors (-1.1% vs 0.3%), Bursa Malaysia Industrial Index (-0.5% vs -0.2%), real imports of other basic precious & other non-ferrous metals (-1.0% vs 0.4%), and number of new companies registered (-1.6% vs 0.8%). Year-on-year, the index decreased by 3.6%, after a 1.7% rise in February. Meanwhile, the coincident index, which measures the overall current economic performance, fell 6.9% mom, following an upwardly revised 0.7% gain in February, mainly dragged by volume index of retail trade (-2.7%).
2020-05-22
Malaysia Leading Index Falls Again
Malaysia's leading economic index dropped by 0.8% mom February 2020, after a 0.1% gain in January. This was the worst reading since May 2019, with four out of seven components declining: expected sales value, manufacturing (-1.2% vs 0.5% in January), numbers of housing units approved (-0.8% vs flat reading), Bursa Malaysia Industrial Index (-0.2% vs 0.1%t), and real money supply (M1) (-0.1% vs -0.1%). Year-on-year, the index increased by 1.7%, after a 0.7% rise in January. Meanwhile, the coincident index, which measures the overall current economic performance, rose 0.5% mom, following a 0.2% gain in January, driven by industrial production index (0.3%) and total employment in the manufacturing sector (0.2%).
2020-04-24
Malaysia Leading Economic Index Rebounds
Malaysia's leading economic index inched higher by 0.1 percent month-over-month in January 2020, after a downwardly revised 0.3 percent fall in the previous month. Two out of seven components posted rebounds: expected sales value, manufacturing (0.5 percent vs -0.2 percent in December 2019); Bursa Malaysia Industrial Index (0.1 percent, after a flat reading in December). Meanwhile, index components of real imports of semi conductors were unchanged after decreasing by 0.2 percent in the prior month. Year-on-year, the index increased 0.7 percent in January, following an upwardly revised 1.9 percent rise in December. Meanwhile, the coincident index, which measures the overall current economic performance, rose 0.2 percent over a month earlier in January 2020, the same pace as the revised figure in the prior month, mainly driven by total employment in manufacturing sector (0.2 percent).
2020-03-25
Malaysia Leading Economic Index at 7-Month Low
Malaysia's leading economic index dropped by 0.8 percent month-over-month in December 2019, after a 0.2 percent fall in the previous month. This was the second straight monthly decline in leading economic index and the steepest since May, as three out of seven components posted decreases : real imports of other basic precious & other non-ferrous metals (-0.3 percent), real imports of semi conductors (-0.4 percent), and expected sales value, manufacturing (-0.4 percent). Year-on-year, the index increased 1.4 percent in December, following a 1.1 percent rise in November. Meanwhile, the coincident index, which measures the overall current economic performance, rose 0.4 percent over a month earlier in December 2019, the same pace as in the prior month, mainly driven by real salaries & wages in manufacturing sector (0.3 percent).
2020-02-24

Malaysia Leading Economic Index
In Malaysia, the Leading Index provides early signal on the direction in which the economy is going. It is calculated based on real money supply M1, Bursa Malaysia industrial index, real total traded (eight major trading partners: Japan, USA, Germany, UK, Singapore, Thailand, China, Canada), CPI for services (inverted), industrial material price index, ratio of price to unit labor cost (manufacturing), number of housing permits approved, number of new companies registered, trend adjustment factor. The index has a base value of 100 as of 2005.