SME SENTIMENT INDEX SIGNALS CONTINUED CONFIDENCE IN MSMEs

KUALA LUMPUR, Dec 23 (Bernama) -- Small Medium Enterprise Development Bank Malaysia Berhad (“SME Bank”) today released its SME Sentiment Index results for the second half of 2024 (2H 2024), revealing growing confidence in Micro, Small, and Medium-sized Enterprises (“MSMEs”). The index rose to 55.8 (up from 54.7 in 1H 2024), marking its third consecutive increase and the highest score since the survey’s inception.

“The upward trend reflects improving economic growth, robust sales expectations, and renewed plans for expansion and job creation. This reaffirms MSMEs’ critical role in Malaysia’s economic trajectory, further strengthened by the Madani Government’s focus on fostering sustainable and inclusive growth, particularly in paving a positive outlook for our MSMEs to continue to thrive in our ever-changing and competitive business environment,” said Datuk Dr. Mohammad Hardee Ibrahim, Acting Group President/Chief Executive Officer of SME Bank.