Wednesday, March 2, 2011

Malaysia Economic Indicators - Leading, Coincident & Lagging Indices December 2010


Updated: 23 February 2011

The Coincident Index (CI), which measures current economic activity, dropped by 0.8% to 123.1 points in December 2010. Three components that contributed to the decrease were Real Salaries & Wages in Manufacturing Sector (-1.2%), Real Contributions to EPF (-0.3%) and Industrial Production Index (-0.1%). The six-month smoothed growth rate of the CI declined to 2.2% in December 2010 compared with 4.7% in the previous month.

The Leading Index (LI) which monitors the economic performance in advance rose by 2.7% in December 2010. The main components that contributed to the increase were Industrial Material Price Index (1.2%), Ratio of Price to Unit Labour Cost in Manufacturing Sector (1.0%) and Number of New Companies Registered (0.6%). The six-month smoothed growth rate of the LI in December 2010 further increased to 10.5% from 5.7% in the previous month.

The six-month smoothed growth rate of the Leading Index (LI) continued to strengthen with higher growth in December 2010. This scenario suggests that the economy remains favourable in the near term.

Source: Department of Statistics Malaysia

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