Malaysia’s Leading Index (LI), a key indicator of economic performance, grew by 3.1% year-on-year (yoy) in December 2024, reaching 113.6 points (Dec-23: 110.2 points). This growth was driven by strong gains in the Bursa Malaysia Industrial Index (+27.1%yoy) and Real Imports of Semi-Conductors (+21.6%yoy). On a monthly basis, LI rose by 0.8%, supported by increases in housing approvals, the industrial index, and money supply, though manufacturing sales and new company registrations declined slightly.
Economic conditions
Meanwhile, the Coincident Index (CI), which tracks current economic conditions, grew by 1.8%yoy to 126.1 points, boosted by a 4.6%yoy increase in industrial production. However, its monthly growth was more modest at 0.3%, reflecting a slowdown in several CI components.
Leading index
Despite LI remaining below the 100-point threshold, Malaysia’s economy is expected to continue growing, supported by resilient domestic spending and a strong labor market.
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