Business Conditions Index


  • Business confidence appears dented following the Ringgit depreciation and falling of oil prices
  • Slow down in most manufacturing activities
  • Higher inventories
  • Local sales prices likely to rise in the next quarter
  • Lower business sentiment may extend onto the the next quarter

Consumer Sentiments Index


  • CSI plummets 15 points q-o-q to 83
  • Current incomes losing ground
  • Growing concerns over near-term finances and hirings
  • Uptrend in prices expected to continue
  • Pre-GST shopping plans in the pipeline

Malaysian Economic Outlook

Looking back, we were very fortunate that external shocks occurred mainly in the fourth quarter of 2014. Commodity export prices were falling, especially crude oil, while the ringgit exchange rate depreciated across- the-board against currencies of Malaysia's major trading partners, most notably against the US dollar, Chinese Yuan, Thai Baht and Singapore dollar as well. While short-term demand imbalances (weak demand and excess supply) in the world oil market explained to a large extent the plunging crude oil prices, portfolio re-allocation by foreign investors and acquisition of foreign portfolio assets by local institutional investors, taking advantage the strengthening of the US economy and expectations of higher real interest rates were seen as the major contributory factors to depreciating ringgit. As a matter of fact, foreign investors were reallocating their portfolio towards dollar-denominated assets, shifting out of commodity-based contracts, while local firms were adjusting to a higher interest rate environment. In the oil industry, oil firms are pumping more today, revising downward their outlays for investment, while traders are cutting down on their inventories, as carrying costs are expected to rise with anticipated higher interest rate environment. Apart from these sudden economic clouds, heavy rains and severe flooding also occurred in late December 2014, affecting many states in both Peninsular Malaysia and in Sabah as well. Fortunately, Malaysia has more or less escaped the El- Nino phenomenon, which was predicted to happen in 2014.

Newspaper Articles

Articles are in pdf format and are available for download.

Kesan Penurunan Harga Minyak Terhadap Harga Pengguna

24 March 2015 - Dr Zulkiply Omar

Berita Harian

Membina Kuasa Ekonomi

17 March 2015 - Dr Zulkiply Omar

Berita Harian

Kesan Penurunan Harga Minyak Terhadap Ekonomi Negara

11 March 2015 - Dr Zulkiply Omar

Berita Harian

Punca Penurunan Harga Minyak

4 March 2015 - Dr Zulkiply Omar

Berita Harian

Plugging into the Global Grid & A Tale of Two Trade Agreements - RCEP & TPP

23 September 2013 - Samirul Ariff bin Othman


See the full list of newspaper articles here

MIER Presentations

Presentations are in pdf format and are available for download.

Survey Results and Malaysian Economic Outlook Fourth Quarter 2014 : 28 January 2015

Press Conference on Quarterly Survey Results and Malaysian Economic Outlook Fourth Quarter 2014
Emeritus Prof Dr Zakariah Abdul Rashid

See the full list of our presentations here

The Malaysian Institute of Economic Research (MIER) undertakes independent and high quality problem-oriented research on economic, financial and business issues facing the country and provides advice on macroeconomic management, development and future economic perspectives.... Read more

22 Apr Twentieth Corporate Economic Briefing
Parkroyal Kuala Lumpur
22 Apr Regional Corporate Economic Briefing
Kuching, Sarawak (Tentative)
23 Apr Regional Corporate Economic Briefing
Kota Kinabalu, Sabah (Tentative)
28 Jul Thirtieth National Economic Briefing
Parkroyal Kuala Lumpur
7 - 9 Sep 3rd ADB Asian Think Tank Development Forum
20 Oct Press Conference on Quarterly Survey Results and Malaysian Economic Outlook Third Quarter 2015
MIER, JKR 505 Jalan Bukit Petaling, 50460 Kuala Lumpur
24 - 25 Nov National Economic Outlook Conference 2016-2017
Click here for the full events page.

Highlighted Publications

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Quarterly Reports

The Survey of Business Conditions and the Survey of Consumer Sentiments are regular publications, which are released quarterly and are available on a subscription basis. The Malaysian Economic Outlook is published twice a year in June and December with two supplements in April and October. The December issue presents the new two-year forecasts, which are revised in the subsequent issues. The December issue also includes the annual revision of the long-range forecast of the Malaysian economy.... Read more


Welcome to the new MIER website, launched on the 1st of April 2009. There still may be slight errors in this site but we will be updating regularly. We hope this website will allow us to provide the public with more news and views from MIER. Please email Kala if you have any suggestions about this website. Thank you. ... Read more