KUALA LUMPUR, Aug. 28 – 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, Xinhua reported citing the Department of Statistics Malaysia (DOSM) on 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.
