Wednesday, December 22, 2010

October 2010 Economic Indicators

No question that things are looking up. Today’s economic indicators report from the Department of Statistics underscores the argument that 3Q 2010 was at worse a pause in growth:


Both the leading and coincident indicators have turned up, confirming the bounce seen in trade and industrial production. The smoothed growth rates have also turned up, except for the lagging indicator which is…er…lagging the rest:


Of course, one month isn’t all that meaningful in the larger scheme of things, and we’ll need to see some momentum in November before firming up the estimates for 4Q economic activity – but there’s a better than even chance that the economy will outstrip the government’s 7% real GDP growth guesstimate.

Technical Notes:

October 2010 Malaysia Economic Indicators Report from the Department of Statistics

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