Malaysia's leading economic index increased by 0.7 percent month-over-month in March 2019, swinging from a downwardly revised 2.1 percent fall in the previous month. Among seven components, four posted increases: real money supplies, M1 (0.4 percent), real imports of other basic precious & non-ferrous metals (0.3 percent), number of housing units approved (0.2 percent), and number of new companies registered (0.1 percent). Year-on-year, the index fell 1.7 percent in March, following a 2.8 percent drop in February. Meanwhile, the coincident index, which measures the overall current economic performance, dropped 0.1 percent month-on-month in March, after a 0.9 percent fall in February. 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 -0.30 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 0.40 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.