The Business Conditions Survey was first mounted in the second quarter of 1987 to provide input for the Institute's economic forecasting activity. It is conducted on a quarterly basis to assist in assessing the short-term outlook for the economy. The survey findings are used to supplement the availability of quantitative information from conventional sources. A Business Conditions Index is constructed from the survey results which gives advance information that permits inferences to be drawn regarding emerging economic trends.

The survey covers a sample of over 350 manufacturing businesses incorporated locally and foreign manufacturing concerns operating in Malaysia, covering 11 industries. Questions posed in the survey questionnaire are on key determinants such as production level, new order bookings, sales performances, inventory build-up and new job openings. Reports of the survey findings are published two weeks after the end of each quarter.

BCI 1st Quarter 2021

Lower Optimism


  • Expected index (EI) increases
  • Sales decline slightly
  • Domestic and external orders decrease
  • Capital investment trends up
  • Employment outlook favourable

BCI 4th Quarter 2020

A Tremendous Recovery in Business Conditions


  • Remarkable increase in business confidence level
  • Expected Index (EI) continued to rise remarkably
  • Impressive increase in sales
  • New domestic orders continued an upward trend
  • Major rise in new export orders
  • Slight increase in capital i...

BCI 3rd Quarter 2020

A Modest Recovery in Business Conditions

  • Boost in business confidence
  • Expected Index (EI) rose markedly
  • Sales rose gradually
  • New domestic orders increased greatly
  • Substantial rise in new export orders
  • Capital investment increased steadily

BCI 2nd Quarter 2020

A Significant Shrink in Business Conditions

  • Critical loss in business confidence
  • Expected Index (EI) rose markedly
  • Sales dropped suddenly
  • New domestic orders slumped dramatically
  • Sharp decrement in new export orders
  • Capital investment shrank pronouncedly

BCI 1st Quarter 2020

Gradual Decline in Business Conditions

  • Business confidence reduced slightly
  • Expected index (EI) slumped markedly
  • Sales remained constant
  • New domestic orders increased marginally
  • Sharp increases in new export orders
  • Capital investment shrank pronouncedly

BCI 4th Quarter 2019

Sentiments Improve Cautiously

  • Business confidence rebounds
  • Expected index (EI) increased
  • Sales improved
  • Domestic and external orders marginally increased
  • Capacity investment is in upward trend

BCI 3rd Quarter 2019

Index Slips to Lowest Level Since 2008

  • Index slips to lowest level since 2008
  • Sales decrease further
  • Dip in domestic and external orders
  • Production volume sluggish
  • Capacity utilization decline

bci 2nd Quarter 2019

Sentiments Slip A Tad

  • BCI drop slightly to 94.2 points
  • Sales deteriorate
  • Production increase marginally
  • Modest rebound in external orders
  • Expected production inched-up slightly
  • Expected export sales decline

bci 1st Quarter 2019

Remain in Contractionary Mode

  • BCI slides to 94.3 points
  • Sales fall off
  • Unexciting external orders
  • Local orders increased marginally
  • Expected production decline
  • Expected export sales tend to remain unchanged

bci 4th Quarter 2018

Conditions Remain Challenging

  • BCI closed lower at 95.3 points
  • Current Index (CI) deteriotes
  • Expectation Index (EI) marginally increased
  • Sales decline
  • Lower domestic and export orders
  • Local prices stabilise