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.