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Malaysia Business Confidence

Malaysia's business confidence hit an all-time low of 0.08 points in Q3 2025. This represents a 96% decline from 1.98 points in Q2 2025. The wholesale and retail trade sector showed a confidence indicator of -7.3 percent. The construction sector posted a confidence indicator of -2 percent. Confidence in the 12-month production outlook for manufacturing fell to a four-year low. Malaysia's record low business confidence was 0.08 points in Q3 2025 and record high was 122 points in Q4 2021.

Quarterly Historical Data (2014-2025)

(in points)
Quarter Business Confidence (points)
Q3 2025 0.1
Q2 2025 2
Q3 2024 105
Q2 2024 86.2
Q1 2024 94.3
Q4 2023 89
Q3 2023 79.7
Q2 2023 82.4
Q1 2023 95.4
Q4 2022 85.9
Q3 2022 99.8
Q2 2022 96.2
Q1 2022 101
Q4 2021 122
Q3 2021 97
Q2 2021 87.5
Q1 2021 111.8
Q4 2020 115.4
Q3 2020 86.3
Q2 2020 60
Q1 2020 83
Q4 2019 85.5
Q3 2019 70
Q2 2019 94.2
Q1 2019 94.3
Q4 2018 95.3
Q3 2018 108.8
Q2 2018 116.3
Q1 2018 98.6
Q4 2017 101.5
Q3 2017 103.1
Q2 2017 114.1
Q1 2017 112.7
Q4 2016 81.2
Q3 2016 83.9
Q2 2016 106.4
Q1 2016 92.9
Q4 2015 87.1
Q3 2015 86.4
Q2 2015 95.4
Q1 2015 101
Q4 2014 86.4
Malaysia Business Confidence : Definition
Malaysia business confidence gauges firms optimism about the economy. MIER calculates it via surveys on expected sales, production, investment and employment. A reading above 100 signals confidence, below 100 indicates pessimism.
Indicator Last Value Prior Value Period
Manufacturing PMI 49.8 points 49.9 points Sep'25