The Coincident Index (CI) recorded a decline of 0.2% from 123.6 points in May 2008 to 123.4 points in June 2008. Four out of six CI components posted decrease, namely, salaries & wages in manufacturing sector (-0.2%), gross import (-0.1%), sales in manufacturing sector (-0.1%) and contributions in EPF (-0.1%). The six-month smoothed growth rate of CI moved down to 0.2% in the current month.

The Leading Index (LI) declined slightly by 0.1% in June 2008 to 160.6 points as compared 160.8 points in May 2008. The negative change was contributed by the eight major trading partners (-0.5%), Bursa Malaysia industrial index (-0.3%), CPI for services (-0.3%), money supply, M1 (-0.1%) and number of housing permits approved (-0.1%). The six-month smoothed growth rate of LI maintained its positive growth at 5.5% in the current month.

The Lagging Index (LGI) rose by 1.5% to 146.0 points in June 2008. The increases of the index was contributed by excess lending to private sector (1.1%), number of EPF defaulters, inverted (0.3%) and number of new vehicles registered (0.2%). The six-month smoothed growth rate registered -5.8% in the current month as against -8.3% in the previous month.

The six-month smoothed growth rate of LI at 5.5% suggests that economic growth remain positive in the fourth quarter of 2008.