{"id":113951,"date":"2023-05-24T11:41:56","date_gmt":"2023-05-24T06:41:56","guid":{"rendered":"https:\/\/tns.world\/?p=113951"},"modified":"2023-05-24T11:41:56","modified_gmt":"2023-05-24T06:41:56","slug":"malaysias-business-expectation-for-q2-slowing-down","status":"publish","type":"post","link":"https:\/\/tns.world\/?p=113951","title":{"rendered":"Malaysia&#8217;s business expectation for Q2 slowing down"},"content":{"rendered":"<div><\/div>\n<div><\/div>\n<div>KUALA LUMPUR, May 24: Malaysia&#8217;s business sentiments for the near term turned pessimistic as the confidence indicator decreased to minus 3.1 percent in the second quarter of 2023 from a growth of 3.6 percent in the last quarter, official data showed Wednesday.<\/div>\n<div>This expectation is in line with global economic slowdown amid persistent challenges including inflationary pressures, the Department of Statistics Malaysia said in a statement.<\/div>\n<div>Three sectors namely construction, wholesale &amp; retail trade and industry anticipate challenging business conditions in the second quarter.<\/div>\n<div>The construction sector&#8217;s business confidence remained negative, with the confidence indicator recorded at minus 26.9 percent in the reference quarter.<\/div>\n<div>Meanwhile, wholesale &amp; retail trade and Industry sectors turned pessimistic in the same quarter.<\/div>\n<div>Respondents within the wholesale and retail trade sector expect a less favorable business outlook with a confidence indicator of minus 10.2 percent in the second quarter as against 4 percent in the last quarter, where both of the sub-sectors posted discouraging perceptions.<\/div>\n<div>The industry sector also foresees a less favorable business situation in the second quarter as the confidence indicator recorded minus 2.1 percent as compared to 1.1 percent previously.<\/div>\n<div>However, the services sector continues to be optimistic about the business performance with a confidence indicator of 3.9 percent for the corresponding quarter as compared to 11.4 percent in the first quarter.<\/div>\n<div>It is also noted that in the next six months, namely April to September, the business outlook remained positive with a net balance of 14.9 percent from 12.1 percent recorded previously.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, May 24: Malaysia&#8217;s business sentiments for the near term turned pessimistic as the confidence indicator decreased to minus 3.1 percent in the second quarter of 2023 from a growth of 3.6 percent in the last quarter, official data showed Wednesday. This expectation is in line with global economic slowdown amid persistent challenges including [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":113952,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,23],"tags":[],"class_list":["post-113951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","category-national"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/113951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113951"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/113951\/revisions"}],"predecessor-version":[{"id":113953,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/113951\/revisions\/113953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/113952"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}