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Malaysian businesses expect promising business prospect in Q3

0 Comment(s)Print E-mail Xinhua, August 27, 2024
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KUALA LUMPUR, Aug. 27 (Xinhua) -- Malaysian businesses expect a boost in Malaysia's business environment for the third quarter, with a positive confidence indicator of +4.7 percent, up from +0.7 percent in the second quarter, the Department of Statistics Malaysia (DOSM) said Tuesday.

The DOSM said in a statement that all sectors foretell brighter business prospect for the third quarter.

Business sentiment in the industry sector remained favorable with +4.1 percent in the cited quarter as against +5.3 percent in the previous quarter.

Meanwhile, the services sector expects an improved business situation with confidence indicator rebounding to a positive trajectory with +8.3 percent from -0.9 percent in the second quarter.

Confidence indicators for the construction sector also turned positive by posting +2.2 percent in the third quarter as compared to -14.8 percent in the previous quarter.

Similarly, sentiment in the wholesale and retail trade sector moved to a positive direction by registering +1.4 percent as against -4.1 percent in the previous quarter. Enditem

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