Malaysia's leading economic index increased by 4.4 percent year-on-year in July 2020, after an upwardly revised 3.8 percent gain a month earlier, with more businesses being allowed to resume their operations as COVID-19 cases in the country eased. Six out of seven components contributed to the increase: Bursa Malaysia (1.8 percent vs -0.1 percent in June), number of new companies registered (1 percent vs 1.5 percent), real imports of other basic precious & other non-ferrous metals (0.7 percent vs 1.4 percent), real M1 money supply (0.5 percent vs 0.2 percent), and number of housing units approved (0.2 percent vs 0.8 percent). Year-on-year, the index rose by 7.7 percent, following an upwardly revised 4.6 percent gain in June. Meanwhile, the coincident index, which measures the overall current economic performance, was up 1.3 percent month-on-month in July, much softer than an 8.7 percent growth in June.
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 September 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.