The manufacturing sector has shown some bright spots, the study shows. – AFPPIX: Business sentiment among Malaysian companies experienced a slight uptick for the fourth quarter of the year despite remaining in the contractionary zone, according to Dun & Bradstreet Malaysia’s Business Optimism Index study.
“However, it is still premature to predict if sentiments will continue to experience an uptrend as the global economy is still reeling from the impact of the Covid-19 pandemic,” she said in a statement. The study showed that the period saw volume of sales inched up from -19.20 pp in Q3’20 to -16.67 pp, net profit increased from -22.4 pp to -20.63 pp, new orders jumped from -12 pp to -1.59 pp and employment levels inched up minimally from -10.4 pp tp -10.32 pp.
For the fourth quarter, D&B noted that the manufacturing and services sectors have seen slight improvements while the construction and wholesale trade sectors are most pessimistic.
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