We wish to refer to the report in The Busy Weekly on 20 April 2019 which stated that the Malaysian Institute of Economic Research (MIER) would be discontinuing its work on the Business Conditions Index (BCI) and the Consumer Sentiments Index (CSI). MIER is in the process of revamping its research programme to suit current conditions of the economy and to generate ideas and proposals towards economic reform. In respect of the statement published in the said newspaper, we clarify that the BCI and CSI will be continued together with the Vistage-MIER CEO Confidence Index and the FMM-MIER Business Confidence Survey. All other sectoral surveys of the Institute on tourism, residential property, automotive and retail trade will be discontinued with effect from 2Q2019

Business Conditions Index

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

Consumer Sentiments Index

Confidence Tapers Off

  • CSI slides further below confidence threshold
  • Current and expected finances lacklustre
  • Job outlook yawns
  • Anxiety over rising prices continues
  • Spending plans take a backseat

Malaysian Economic Outlook

The Malaysian economy is estimated to grow by 4.7% in 2018 pending the fourth quarter results. There are more data available pointing towards a moderation in growth for this year as we have projected earlier. The global economy continues to grow at a moderate pace amid a brittle demand and lessened trade flows. There are growing risks to the global growth tilted to the downside, predominantly due to factors related to trade policy uncertainty and weakening financial market sentiments. There are still lingering uncertainty in trade directions when the ceasefire on the US-China trade war ends on the 1st March 2019. The mounting trade tensions together with other emerging concerns, including slower growth than expected in emerging market economies and the US government shutdown, are causing instability in the financial market.

Newspaper Articles

Articles are in pdf format and are available for download.

Role of Technology in Competitive Market Environment
24 December 2018 - Samirul Ariff
The Edge
Maintaining our Economic Sovereignty
22 October 2018 - Samirul Ariff
The Edge
Adakah Malaysia Mengalami Penyahindustrian Pramatang?
9 Ogos 2018 - Dr Zulkipy Omar
Berita Harian
Is Globalisation a new form of Colonisation?
2 July 2018 - Samirul Ariff
The Edge
Understanding the Costs of Production and Doing Business
19 April 2018 - Samirul Ariff
The Edge
Inflasi Bukan Teras Mendominasi Kadar Inflasi 2017
20 Februari 2018 - Dr Zulkipy Omar
Berita Harian
Dasar Perlindungan dan Risiko Menurun Pertumbuhan Ekonomi
30 January 2018 - Dr Zulkipy Omar
Berita Harian
Bioekonomi Penjana Pertumbuhan Ekonomi
23 January 2018 - Dr Zulkipy Omar
Berita Harian
Peningkatan Nilai Ringgit
16 January 2018 - Dr Zulkipy Omar
Berita Harian

See the full list of newspaper articles here

MIER Presentations

Presentations are in pdf format and are available for download.

24th Corporate Economic Briefing: 16 April 2019

24th Corporate Economic Briefing
Emeritus Professor Datuk 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

26 - 27 November National Economic Outlook Conference 2020-2021
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