KUALA LUMPUR, May 30 ― Businesses are expecting a favourable environment in the second quarter (2Q) of 2024, backed by a marginal positive confidence indicator of 0.7 per cent...
According to the Department of Statistics Malaysia, businesses are expecting a favourable environment in the second quarter of 2024, backed by a marginal positive confidence indicator of 0.7 per cent compared to 4.2 per cent in the previous quarter. ― Picture by Firdaus LatifKUALA LUMPUR, May 30 ― Businesses are expecting a favourable environment in the second quarter of 2024, backed by a marginal positive confidence indicator of 0.7 per cent compared to 4.
“The improved outlook in the industry sector is influenced by three sub-sectors: mining, manufacturing, and electricity & water, which predict encouraging business conditions in the reference quarter.“However, the construction, wholesale & retail trade, and services sectors foresee challenging business conditions in 2Q 2024,” he said in a statement today.
“Respondents within the wholesale & retail trade sector expect a less favourable business outlook, with a confidence indicator of 4.1 per cent weaker in 2Q 2024, compared to a 4.7 per cent increase in the last quarter.“The services sector also foresees a less desirable business situation in 2Q 2024, with a confidence indicator of 0.9 per cent lower, as compared to an 8.6 per cent rise previously,” he said.
“All sectors register positively, except the wholesale & retail trade sector. Sentiments in the Industry sector show a brighter business outlook, with a net balance of 19.0 per cent, up from zero per cent recorded previously.
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