Xinhua, Kuala Lumpur :
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.
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.
