Business Conditions Index


  • Index marginally higher at 87.1 points
  • Current Index (CI) registered gain of 3.7 points
  • Sales, new local orders and export orders deteriorate
  • Production volume, capacity utilization and capital investment higher
  • Expected Index recorded loss of 8.5 points
  • Expected higher production and lower export sales over the next three months

Consumer Sentiments Index


  • CSI dips to a record-low of 63.8
  • Present finances worsen
  • Jobs and incomes to deteriorate further
  • Growing fears of higher prices
  • Consumers to watch their spending

Malaysian Economic Outlook


While Malaysia is naturally protected from snowstorms, tornados and hurricanes, having to deal with only regular rains, floods and sometime landslides, the country grappled with severe headwinds on economic front last year, following unanticipated global commodity and currency shocks, financial market turbulence and sudden reversal of capital flows. Most importantly, the country avoided oily slopes and dark corners, associated with domestic political upheavals and shocks, affecting both sides of political divide; entrenched social grievances; heightened racial tensions; and elevated religious and faith insecurities. Meanwhile, the long-awaited lift-off in the United States (US) Federal Funds Rate (FFR) that finally occurred on 16 December 2015 and the inclusion of China"s currency, the Renminbi or Yuan into the IMF basket of SDR reserve currencies on 30 November 2015, have to a certain extent reduced the intensity of uncertainty, prevailing in global financial markets last year. These widely-anticipated episodes have been considered as healthy developments for the world economy, which was reinforced further by the global consensus on climate change, culminating in the adoption of United Nations Global Agenda 2030 for Sustainable Development (UNGA 2030). Of greater significance for Malaysia, FitchRatings has affirmed Malaysia's Long-Term foreign currency Issuer Default Rating (IDR) at "A-" and local currency IDR at "A", while interestingly the outlook on the Long-Term IDRs has been revised to "stable outlook" from "negative". Meanwhile, as reported by the Bloomberg, Moody's Investors Service affirmed Malaysia's A3 sovereign rating, but cut the outlook on the sovereign rating to "stable" from "positive", citing Malaysia's weakening external position. The migration of rating outlook to the middle ground by the two sisters of international rating agencies indicates that the outlook for Malaysian economy remains favourable. On the domestic front, major issues surrounding 1MDB operations have been successfully resolved and the company reported on 12 January 2016 that it was finally "out of the critical phase".

Newspaper Articles

Articles are in pdf format and are available for download.

Sumbangan Sektor Pelancongan terhadap Ekonomi

14 December 2015 - Dr Zulkiply Omar

Berita Harian

Peranan Industri Penerbitan terhadap Pembangunan Ekonomi

30 November 2015 - Dr Zulkiply Omar

Berita Harian

Langkah Mempergiatkan PKS di dalam Bajet 2016

16 November 2015 - Dr Zulkiply Omar

Berita Harian

Perpaduan Nasional dan Pertumbuhan Ekonomi

9 November 2015 - Dr Zulkiply Omar

Berita Harian

Buruk Baik Perdagangan Antarabangsa

2 November 2015 - Dr Zulkiply Omar

Berita Harian

Post-budget 2016

26 October 2015 - Dr Zulkiply Omar

Berita Harian

Pra-Bajet 2016

19 October 2015 - Dr Zulkiply Omar

Berita Harian

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 2015 : 27 January 2016

Press Conference on Quarterly Survey Results and Malaysian Economic Outlook Fourth Quarter 2015
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

27 January Press Conference on Quarterly Survey Results and Malaysian Economic Outlook Fourth Quarter 2015
MIER, JKR 606 Jalan Bukit Petaling, 50460 Kuala Lumpur
31 January 2nd RIN (Research Institute Network) Meeting
Mandarin Oriental Hotel, Kuala Lumpur
19 April Twenty-First Corporate Economic Briefing
Parkroyal Kuala Lumpur
26 July Thirty-First National Economic Briefing
Parkroyal Kuala Lumpur
18 October Press Conference on Quarterly Survey Results and Malaysian Economic Outlook Third Quarter 2016
MIER, JKR 505 Jalan Bukit Petaling, 50460 Kuala Lumpur
29 - 30 November National Economic Outlook Conference 2017-2018
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