Foreign
Malaysia sees business confidence rise in Q4: survey-
Department of Statistics Malaysia
– Malaysian businesses remain upbeat despite signs of a slowdown in the fourth quarter, with a confidence gauge at 3.2 percent, an official survey showed on Tuesday.
The Department of Statistics Malaysia (DOSM) said in a statement that the service, industrial, wholesale and retail sectors have a positive outlook for the fourth quarter.
The business sentiment in the services sector remains favorable with an indicator of 9.2 percent in the cited quarter compared to 13.6 percent in the last quarter.
Similarly, sentiment in the industrial sector continues to be positive, recording a confidence indicator of 3.7 percent in the fourth quarter compared to 6.6 percent in the third quarter.
Meanwhile, the wholesale and retail trade sector expects an improved business situation with the confidence indicator rebounding to a positive trajectory of 1.9 percent from minus 5.8 percent in the third quarter.
The construction sector, however, remains the most pessimistic sector for consecutive quarters with a confidence indicator of minus 29.2 percent compared to minus 24.9 percent in the previous quarter. â–
(Xinhua)
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