Malaysia's leading economic index dropped by 0.3 percent month-over-month in June 2019, after a 1.7 percent fall in the previous month. Among seven components, four posted declines: number of housing units approved (-0.6 percent), real imports of other basic precious & non-ferrous metals (-0.4 percent), number of new companies registered (-0.4 percent), and real money supply, M1 (-0.3 percent). Year-on-year, the index fell 0.8 percent in June, following a 0.3 percent decrease in May. Meanwhile, the coincident index, which measures the overall current economic performance, decreased 0.2 percent month-on-month in June, shifting from an upwardly revised 0.4 percent rise in May. Leading Economic Index in Malaysia averaged 0.18 percent from 1991 until 2019, reaching an all time high of 4.50 percent in April of 1994 and a record low of -3.30 percent in November of 1991.
Leading Economic Index in Malaysia is expected to be -0.90 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 1.50 in 12 months time. In the long-term, the Malaysia Leading Economic Index is projected to trend around 1.80 percent in 2020, according to our econometric models.