Coincident Index up in Sept

03 Dec '07

2 min read

The Coincident Index (CI) grew 0.3% in September 2007 as compared to 0.2% in August 2007. The CI rose to 123.3 points in the current month from 122.9 points in the previous month.

The positive change were contributed by the components of salaries and wages in manufacturing sector (0.8%), sales in manufacturing sector (0.1%) and contribution in EPF (0.1%). The six-month smoothed growth rate recorded 3.7% in the current month.

The six-month smoothed growth rate of Leading Index (LI) maintained a favourable growth at 6.0% in September 2007 although it registered lower than 7.4% in August 2007. The LI dropped slightly to 152.7 points from 153.0 points previously.

Money supply, M1 (0.4%), Bursa Malaysia industrial index (0.4%) and housing permits approved (0.3%) were among the positive contributors while number of new companies registered (-0.6%) and total trade with eight major trading partners (-0.5%) were among the negative contributors.

The Lagging Index (LGI) posted a drop by 1.4% in September 2007. Most of the components registered negative percentage change. The LG recorded 160.0 points and its six-month smoothed growth rate maintained a double-digit rise of 19.7% in the current month.

The LI's six-month smoothed growth rate of 6.0% indicates that the Malaysian economy to continue expanding in the first quarter of 2008.

Department of Statistics Malaysia

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