KUALA LUMPUR, Aug 29 — Businesses foresee an improving business situation for the third quarter (3Q) of 2023 with the confidence indicator turning positive to 0.7 per cent...
KUALA LUMPUR, Aug 29 — Businesses foresee an improving business situation for the third quarter of 2023 with the confidence indicator turning positive to 0.7 per cent from -3.1 per cent in the second quarter , says the Department of Statistics Malaysia .
DoSM said the services sector remained optimistic about business outlook with a confidence indicator of 6.1 per cent versus 3.9 per cent in the previous quarter. On the other hand, the construction sector persisted in anticipating negative business conditions with a confidence indicator of -26.9 per cent in 3Q 2023, it said.
DoSM said the services sector anticipated a favourable situation in the upcoming six months with a net balance of 27.0 per cent against the 30.1 per cent recorded for the April-September 2023 period.
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