Malaysian corporate sector enjoys more confidence in Q3/22

The Malaysian Bureau of Statistics reported that the Malaysian corporate sector continued to maintain its business confidence in the third quarter of 2022. The business confidence index increased 4.7%, compared to 3.5% in the second quarter.

The services and industrial sectors are expected to show positive business confidence in the third quarter of 2022, with the services sector’s confidence index rising 13.6% in the third quarter, up from 5.6% in the previous quarter.

The industrial confidence index remains positive. It rose by 6.6% in the third quarter, compared with 0.8% in the second quarter.

On the other hand, the wholesale and retail confidence index turned negative, falling by -5.8% in the third quarter, compared with 15.5% in the second quarter.

The construction sentiment index remained negative, falling to -24.9%, a decrease from -23.2% in the previous quarter.

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