Malaysia's Business Confidence Surges in Q3 2024

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ECONOMY News

Malaysia,GDP Growth,Business Confidence

Malaysia's GDP growth rate for Q3 2024 is 5.3%, reflecting strong business confidence. The MIER report highlights a significant increase in the manufacturing sector's index and robust sales performance.

Malaysia's GDP grew by 5.3% in the third quarter of 2024, following a 5.9% increase in the previous quarter. The Malaysian Institute of Economic Research (MIER) Business Conditions Survey Report indicates that business confidence surged, with 6% of domestic players, 13% of exporters, and 78% of mixed market firms expressing positive sentiments. The manufacturing sector's index rose to 104.9 points, up from 86.2 points in the second quarter.

Sales performance was also strong, with the sales index increasing by 8.9 points to 52.8

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