Friday, 27 Nov 2020 02:26 PM MYT
The statistics were based on the Business Tendency Survey conducted on a quarterly basis which presents expectations on business performance for the upcoming quarter and six months ahead. Mohd Uzir said among all the sectors covered, industry, wholesale and retail trade and services sectors foresee better performance in Q4 2020 compared with the previous quarter.
“Similarly, the wholesale and retail trade sector also see a lower contraction supported by the retail trade subsector at -1.3 per cent,” he said. “In the same quarter, 78.3 per cent of establishments expect their number of workforce to remain the same despite the net balance of -9.9 per cent, correspondingly, 5.9 per cent of establishments predict an increase in their workforce, while 15.8 per cent intend to reduce their workforce in Q4 2020,” he said.improvement for the October 2020 till March 2021 period, with the overall net balance registered at -3.7 per cent as against -11.2 per cent recorded previously.