KUALA LUMPUR, April 22 ― Malaysia’s Business Conditions Index increased by 28.8 points year-on-year to 111.8 points in the first quarter ended March 2021 , indicating that manufacturers had regained their confidence since the outbreak of the Covid-19 in Q1 2020.
“Despite the deterioration in the index, business sentiments were above the threshold level for two consecutive quarters,” it said in its Business Conditions Survey Report for Q1 2021 released today. In terms of export orders, it said the sub-index shrank 3.2 points q-o-q to 57.5 points but improved 11.3 points on a y-o-y basis.
It said only four per cent of employers reported cutbacks in employment in Q1 2021, a substantial decline of 27 per cent q-o-q.
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