DOSM: Malaysia’s business confidence dropped -21.3 pc in Q3; all industries pessimistic with retail gloomiest | Malay Mail

KUALA LUMPUR, Aug 26 ― Businesses from all sectors in Malaysia are more pessimistic about their business conditions in the third quarter of 2021 or the months of July to September, the Department of Statistics Malaysia said today.

Previously, the quarterly confidence indicator was -25.1 per cent , -21.0 per cent , before improving to -10.8 per cent , and dipping slightly to -11.3 per cent and then improving to -3.1 per cent in Q2 2021. The Wholesale & Retail Trade sector was the only sector that was positive in the second quarter of 2021 with a confidence indicator of 5.6 per cent, but this has completely changed as it plunged into negative trajectory with -39.4 per cent for the third quarter.

The Construction sector which was already the most pessimistic in the second quarter this year at -30.5 per cent, again was the most pessimistic as it anticipated their business situation to recede to -45.0 per cent for the third quarter this year.

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