Business confidence in Malaysia has remained marginally optimistic for Q3 2017. According to Dun & Bradstreet (D&B) Malaysia\u2019s Business Optimism Index (BOI) study, overall BOI inched slightly from +3.07 percentage points in Q2 2017 to +3.40 percentage points in Q3 2017.\u00a0<\/p>\n
On a year-on-year (y-o-y) basis, BOI eased from +4.42 percentage points in Q3 2016 to +3.40 percentage points in Q3 2017.\u00a0<\/p>\n
The six business indicators under the quarterly BOI study include volume of sales, net profits, selling price, inventory level, employees and new orders. This is the 18th D&B BOI study being released in Malaysia.<\/p>\n
\u201cThe continued optimism displayed by Malaysian businesses in Q3 2017, particularly in the services sector was largely due to the spurt in private investment growth, firmer private consumption and higher government spending, which in turn have fueled domestic demand. Credit growth has remained buoyant with manufacturing and transportation sectors recording the fastest growth. However, some measure of fiscal restraint will weigh on the Malaysian economy in the coming quarters as the government strives to keep its budget deficit target to 3% of GDP for FY2017,\u201c said Audrey Chia, Chief Executive Officer Dun & Bradstreet (Malaysia) Sdn. Bhd.<\/p>\n
\u201cThe recent downward moderation of commodity prices has also posed downside risks to the growth outlook given that Malaysia is a large net oil exporter and producer of other commodities. Hence, we anticipate sentiments within the mining sector to remain muted.\u201d\u00a0<\/p>\n
According to D&B Malaysia, three of six indicators have moderated upwards on a quarter-on-quarter (q-o-q) basis. Volume of sales rose from +2.99 percentage points in Q2 2017 to +3.88 percentage points in Q3 2017.\u00a0<\/p>\n
Net profits have remained in the contractionary zone, moderating downwards from -3.48 percentage points in Q2 2017 to -3.88 percentage points in Q3 2017.\u00a0<\/p>\n
Selling price has tumbled from +10.95 percentage points in Q2 2017 to +2.91 percentage points in Q3 2017. New orders rose from +3.48 percentage points in Q2 2017 to +8.74 percentage points in Q3 2017.\u00a0<\/p>\n
Inventory levels have moderated downwards from +4.98 percentage points in Q2 2017 to +4.85 percentage points in Q3 2017. \u00a0Employment levels have rebounded into the expansionary zone from -0.49 percentage points in Q2 2017 to +3.88 percentage points in Q3 2017.\u00a0<\/p>\n
On a year-on-year (y-o-y) basis, three of six business indicators have improved for Q3 2017. Selling price increased moderately from +0.5 percentage points in Q3 2016 to +2.91 percentage points in Q3 2017. Inventory levels climbed from +1.5 percentage points in Q3 2016 to +4.85 percentage points in Q3 2017 while employment levels jumped from +3.0 percentage points in Q3 2016 to +3.88 percentage points in Q3 2017.\u00a0<\/p>\n
Volume of sales dropped from +6.0 percentage points in Q3 2016 to +3.88 percentage points in Q3 2017. \u00a0New orders fell slightly from +9.0 percentage points in Q3 2016 to +8.74 percentage points in Q3 2017. Net profits fell into the contractionary zone from +6.50 percentage points in Q3 2016 to -3.88 percentage points in Q3 2017.\u00a0<\/p>\n
Three sectors have emerged as the most optimistic with 5 indicators each in the positive region. According to D&B Malaysia, the services, transportation and agricultural sectors were most upbeat for Q3 2017.\u00a0<\/p>\n
Services\u00a0<\/strong><\/p>\n Despite the optimistic outlook for the services sector, 4 of six indicators have moderated downwards.\u00a0<\/p>\n \u2022 \uf076 Volume of sales slipped from +6.49 percentage points in Q2 2017 to +5.13 percentage points in Q3 2017.\u00a0<\/p>\n \u2022 \uf076 Selling price eased from +3.90 percentage points in Q2 2017 to +1.28 percentage points in Q3 2017.\u00a0<\/p>\n \u2022 \uf076 New orders dropped from +15.58 percentage points in Q2 2017 to +7.69 percentage points in Q3 2017.\u00a0<\/p>\n \u2022 \uf076 Inventory levels moderated downwards from +6.49 percentage points in Q2 2017 to +3.85 percentage points in Q3 2017.\u00a0<\/p>\n \u2022 \uf076 Employment levels jumped from +1.30 percentage points in Q2 2017 to +5.13 percentage points in Q3 2017.\u00a0<\/p>\n \u2022 \uf076 Net profits remained contractionary climbing from -5.20 percentage points in Q2 2017 to -1.28 percentage points in Q3 2017.\u00a0<\/p>\n Transportation<\/strong>\u00a0<\/p>\n The outlook for the transportation sector has also eased off slightly with 5 indicators moderating downwards.\u00a0<\/p>\n \u2022 \uf076 Volume of sales and inventory levels have both slipped from +5.0 percentage points in Q2 2017 to +4.76 percentage points in Q3 2017.\u00a0<\/p>\n \u2022 \uf076 Selling price and employment levels have each fallen from +10.0 percentage points in Q2 2017 to +9.52 percentage points in Q3 2017.\u00a0<\/p>\n \u2022 \uf076 Net profits have tumbled into the contractionary zone from +15.0 percentage points in Q2 2017 to -19.05 percentage points in Q3 2017.\u00a0<\/p>\n \u2022 \uf076 New orders have increased from +5.0 percentage points in Q2 2017 to +9.52 percentage points in Q3 2017.\u00a0<\/p>\n Agriculture<\/strong>\u00a0<\/p>\n Two of six indicators have moderated downwards for the agricultural sector in Q3 2017.\u00a0<\/p>\n \u2022 Inventory levels have declined from +80.0 percentage points in Q2 2017 to +60.0 percentage points in Q3 2017.\u00a0<\/p>\n \u2022 Employment levels tumbled from +80.0 percentage points in Q2 2017 to 0 percentage point in Q3 2017.\u00a0<\/p>\n \u2022 Volume of sales, net profits and new orders are expected to maintain the same optimism level at +40.0 percentage points in Q3 2017.\u00a0<\/p>\n \u2022 Selling price is expected to register at +80.0 percentage points.\u00a0<\/p>\n Supporting Quotes\u00a0<\/p>\n Ms.\u00a0<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Business confidence in Malaysia has remained marginally optimistic for Q3 2017. According to Dun & Bradstreet (D&B) Malaysia\u2019s Business Optimism Index (BOI) study, overall BOI inched slightly from +3.07 percentage points in Q2 2017 to +3.40 percentage points in Q3 2017.\u00a0 On a year-on-year (y-o-y) basis, BOI eased from +4.42 percentage points in Q3 2016 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-714","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=714"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/714\/revisions"}],"predecessor-version":[{"id":5471,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/714\/revisions\/5471"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}