Business Conditions Index up on economic recovery

The Malaysian Institute of Economic Research (Mier) said the expansionary mode was also partly driven by the recovery in the domestic and global economy, the launch of the National Covid-19 Immunisation Programme and the provision of the economic stimulus packages to manufacturers.

KUALA LUMPUR: Malaysia’s Business Conditions Index (BCI) increased by 28.8 points year-on-year (y-o-y) to 111.8 points in the first quarter (Q1) ended March 2021, indicating that manufacturers had regained their confidence since the outbreak of the Covid-19 in Q1 2020.

The Malaysian Institute of Economic Research (Mier) said the expansionary mode was also partly driven by the recovery in the domestic and global economy, the launch of the National Covid-19 Immunisation Programme and the provision of the economic stimulus packages to manufacturers.