KUALA LUMPUR: The outlook for the fourth quarter of 2024 is positive with the Business Confidence Index (BCI) reaching nearly 105 points.
In an survey report released on Wednesday, the Malaysian Institute of Economic Research (MIER) said key drivers include stable production and sales, improved employment levels, increased wage costs, rising investments, and enhanced efficiency in capacity utilisation.
It said the business outlook for the next three months remains positive, with most firms optimistic due to Malaysia's favorable image.
"MIER’s Malaysian Business Condition Index for 4Q24 is expected to reflect growth in sales, production, employment and wage costs.
"The index highlights positive trends in employment and sales, signaling resilience and strong recovery potential," it said.
Accordingly, the survey found exporters enjoyed an improvement in export orders in 3Q24, rising 16.7 points to 48 points compared to 3Q23.
"Quarter-on-Quarter analysis indicates a rising trend, with an increase of 9.1 points to 48.0 compared to the second quarter of 2024.
"More than 60% of the firms surveyed reported either an increase in export orders or remain stable.
The manufacturing sector in 3Q24, meanwhile, saw over 70% of respondents reporting a stable and positive trend.
"Survey revealed that 20% of firms involved in the export markets presented a steady trend.
"Firms operating in domestic market environment showed a rising trend, with 10% of firms reported an increase in their production.
"Over 60% of the firms that were involved in both domestic and exports markets presented a stable production volume."
