Malaysia continues to chart an economic recovery despite the challenging circumstances.
KUALA LUMPUR: Businesses expect the economic recovery to be better in 1Q of this year as conditions are improving and most employers plan to retain their workers or even hire more staff, according to a survey by the Malaysian Institute of Economic Research (MIER).
It said in a statement on Thursday the latest MIER-Business Conditions Index (BCI) posted a modest recovery of 25.3 points in the fourth quarter of last year to settle at 115.4 points.
Underpinning the improvement in business sentiments was due to the impressive increase in sales, significant increase in domestic orders and export orders and a remarkable rise in industrial production volume.
Growth in manufacturing jobs boosts Iowaâs economy in January
BY MICHAEL CRUMB, Senior Staff Writer Tuesday, February 2, 2021 10:53 AM Iowa’s economy improved in January behind increases in manufacturing employment, according to a monthly survey of supply chain managers released Monday.
The Creighton University Business Conditions Index showed Iowa remained above neutral growth in January, with its overall index climbing to 71.5, up from 64.7 in December.
“Since bottoming in April of last year, manufacturing employment in the state has expanded by almost 14,000 jobs for a 6.4% gain,” said Ernie Goss, the MacAllister Chair of Economics at Creighton.
Goss said he anticipates that that rate of growth in Iowa’s manufacturing sector will continue well into 2021.
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Earlier in the Day:
It’s was a busier start to the day on the economic calendar this morning. The Aussie Dollar was in action in the early in the day, with economic data from China also in focus.
For the Aussie Dollar
In the 4
rd quarter. Economists had forecast a 0.7% rise.
The annual rate of inflation picked up from 0.7% to 0.9%. Economists had forecast the annual rate of inflation to hold steady at 0.7%.
According to the ABS,
An increase in tobacco excise and the introduction, continuation, and conclusion of a number of government schemes influenced.
In the 4