FX.co ★ Malaysia Leading Index Drops 2.4% in November

In November 2025, Malaysia’s leading economic indicators experienced a 2.4% month-on-month decline, which reversed the previous month's downwardly revised increase of 2.4%. This was the fifth decline noted in the year, with decrements in five out of the seven components. Specifically, housing units approved dropped by 0.1% compared to a 0.5% increase in October, real imports of other basic precious and non-ferrous metals fell by 0.7% following a 1.5% rise, real semiconductor imports decreased by 0.9% in contrast to a 0.6% gain, new company registrations contracted by 0.3% against a previous decline of 0.1%, and the Bursa Malaysia Industrial Index slipped by 0.4% compared to October’s 0.1% decrease. In contrast, both the real money supply and manufacturing sales value edged up slightly, by 0.02% and 0.0005% respectively, relative to their previous values of 0.1% and a drop of 0.1%. On a year-over-year comparison, the leading index showed a modest rise of 0.2%, coming off a 3.4% rise that was also revised downward from the prior month. Meanwhile, the coincident index, reflecting current economic conditions, showed a decline of 0.5%, overturning a 0.6% gain observed in October.