ZCZC
BCN-34
MALAYSIA-BUSINESS
Malaysian businesses expect more favorable performance in the 4th quarter
KUALA LUMPUR, Nov. 30 (Xinhua) — Malaysian businesses expect more
favorable performance in the fourth quarter compared with the third quarter,
as the confidence indicator edging up marginally to 7.1 percent from 6
percent, official statistics showed on Thursday.
Malaysian Statistics Department said in a statement that the confidence
indicator for the services sector increases for a second consecutive quarter,
recording a growth of 18.8 percent in the fourth quarter, compared with 16.5
percent growth in the preceding quarter.
Confidence indicator for the wholesale and retail trade sector also
climbed in a relatively strong manner in the fourth quarter to 13.2 percent,
from 3.6 percent.
In contrast, confidence indicator for construction sector slipped further
to a negative growth of 21.5 percent for the fourth quarter, compared to a
negative growth of 7.7 percent in the third quarter.
BSS/XINHUA/HR/1445