Spring Tree Investment
Forecast of Malaysia business performance for the 2nd quarter 2019
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Publish date: Wed, 05 Jun 2019, 03:59 PM
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5.Global economy.
FORECAST OF BUSINESS PERFORMANCE FOR THE SECOND QUARTER 2019
-Businesses are more confident for second quarter of 2019, with the overall confidence indicator rising to +2.8 per cent from -2.2 per cent in the first quarter of 2019.
-Wholesale & Retail Trade and Services sectors foresee more favourable business conditions in the second quarter of 2019.
-The Services sector is most positive, where the confidence indicator recorded +20.8 per cent as compared to +5.9 per cent registered in the previous quarter.
-Confidence indicator for Wholesale & Retail Trade sector also rebounds in the second quarter of 2019 to +6.7 per cent from -8.2 per cent recorded in the last quarter.
-Respondents in Industry and Construction sectors expect their business situation to decline in the second quarter of 2019 with the confidence indicators of -6.7 per cent and -9.3 per cent, respectively.
EXPECTATIONS OF BUSINESS PERFORMANCE IN APRIL TILL SEPTEMBER 2019
-A net balance of +14.2 per cent of the establishments expect more favourable business performance for the period of April to September 2019.
-This is an improvement over the net balance of +0.6 per cent recorded in the previous quarter (January to June 2019).
-Industry, Wholesale & Retail Trade and Services sectors expect an increase in their businesses for the period of April to September 2019 with a net balance of +7.3 per cent, +13.4 per cent and +30.5 per cent.
-Respondents in Construction sector anticipate their business situation will decline with a net balance of -2.3 per cent.
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