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SME Corp.Malaysia Quarterly Survey

Introduction

 

SME Corp. Malaysia as the Secretariat to the National SME Development Council (NSDC) has been conducting surveys on SMEs since 2009 to gauge the quarterly business performance as well as to seek feedback on current issues facing SMEs in Malaysia. The surveys which were conducted in collaboration with Bank Negara Malaysia (BNM) were well represented in terms of economic sectors, geographical spread (including East Malaysia), establishment size as well as gender.

 

SME Performance during Third Quarter 2016

·      Findings showed that business performance of SMEs, in terms of sales and profits, remained relatively stable in the 3Q 2016.
·      Detailed findings revealed that about 44% of the respondents experienced higher sales (1Q’16: 42.2%) and one-third recorded higher profits (1Q’16: 32.1%), compared with previous quarter.
·      SMEs had continued concerns on the rising business costs as well as falling demand of goods & services.

 

Indicators

Decreased

Same Performance

Increased

Percentage share of total respondents, %

3Q 2016

1Q 2016

3Q 2016

1Q 2016

3Q 2016

1Q 2016

Sales Turnover

27.8

32.8

28.4

25.0

43.8

42.2

Pre-tax Profit

26.8

28.4

39.9

39.5

33.4

32.1

Average Selling Price

13.8

14.4

56.6

53.0

29.6

32.6

Exports Sales

18.8

16.3

52.7

50.7

28.5

33.0

Production (mfg & agri)

8.8

13.0

67.4

61.1

23.8

25.9

Domestic Sales

26.7

30.9

33.0

29.2

40.4

39.9




SME Outlook during Third Quarter 2016


·    On the outlook for the next six month, most respondents are expecting their business to remain stable albeit modest performance. Meanwhile, about 29% are very optimistic on the outlook, particularly microenterprises and those in manufacturing and services sectors.

·    The key factors supporting an improved business outlook were positive consumer confidence, positive business sentiment and higher consumer spending.
carta
Source: 3Q 2016 SME Corp. Malaysia Survey
 
SME Performance during First Quarter 2016
  • With a sample size of 2,176 SMEs, findings showed that the business performance of SMEs have gradually improved in the first quarter of 2016. More respondents experienced an increase in sales and profits as compared to the previous findings in the Third Quarter 2015 (3Q 2015) SME Survey.
  • About 42.2% of respondents recorded increased sales in 1Q 2016 compared to the previous quarter, which was higher than 37.3% of respondents recorded in the 3Q 2015 SME Survey. Nevertheless, there was also slightly more respondents who indicated a worse performance in the 1Q 2016 survey compared to the previous survey. 
  • survey 2016 1

SME Outlook during First Quarter 2016

The gradual improvement in business performance was further reflected in a better near-term outlook. About 30.4% of the respondents were expecting their business to improve compared to 28.3% in the previous quarter survey, while the number of respondents citing a worsening outlook reduced significantly to only 30.2% as compared to 40.5% recorded in the previous survey. The improved outlook was also reflected by the higher orders or bookings received during the quarter (1Q 2016: 27.5% vs 3Q 2015: 21.8%).

SME Performance during Third Quarter 2015
  • Covering 2,336 respondents, survey findings indicated that there was a sign of weakening business performance among SMEs. More respondents recorded weaker sales and exports as compared to the previous quarter, particularly among the small and medium-sized firms. For example, 37.3% of the respondents experienced an increase in sales turnover, which was lower than 39% recorded in the 1Q 2015.
  • Indicators

    Percentage share of total respondents, %

    Decreased

    Same

    Increased

    3Q 2015

    1Q 2015

    3Q 2015

    1Q 2015

    3Q 2015

    1Q 2015

    Sales Turnover

    30.7

    25.6

    32.0

    35.4

    37.3

    39.0

    Pre-tax Profit

    24.4

    19.8

    47.9

    52.9

    27.7

    27.3

    Exports Sales

    20.7

    13.2

    46.9

    61.2

    32.4

    25.6

    Domestic Sales

    28.4

    20.3

    38.6

    48.2

    33.0

    31.5

    Average Selling Price

    11.3

    11.6

    55.2

    59.7

    33.5

    28.7

    Production                          (manufacturing & agriculture)

    16.4

    8.6

    55.7

    65.0

    27.9

    26.3


  • SME Outlook during Third Quarter 2015
    •   The weak performance and concerns on the current economic conditions were further reflected in a less optimistic short-term outlook, as 40.5% cited worsening outlook for the next six months i.e. outlook for the month of October 2015 till March 2016. This is a significant change in perception compared to only about 13.8% citing a worsening outlook in the previous year (3Q 2014 SME Survey). Respondents who did indicate worsening outlook were particularly from the medium and small-sized firms as well as from the agriculture, construction and services sectors.
      3rd quarter 2015
 
SME Performance during First Quarter 2015
1Q 2015
• With a sample size of 2,063 SMEs, business performance of respondents were moderating in the 1Q 2015
• This is evident from the respondents’ perception and figures on sales, production and exports
• Respondents citing better performance was lower in comparison with the 3Q 2014 SME Survey findings
• For example, 39% of the respondents were of the view that sales turnover had increased in the 1Q 2015, which was lower than 49% in the 3Q 2014


1Q 2015 2

SME Outlook during First Quarter 2015

Short-term Business Outlook

• Respondents were less optimistic on the business outlook for the next 6 months
• About one-third of the respondents were expecting their business prospects to worsen, compared to only 7% about a year ago
• Respondents in the construction, services and agriculture sectors were expecting a worsening outlook and mainly among the medium and small-sized firms



1Q 2015 3
SME Performance during First Quarter 2014
• With a sample size of 2,079 respondents, majority of them highlighted that their business continued to record higher sales (55%) and profit margin (44.9%) during the quarter, particularly SMEs in the manufacturing and construction sectors.
• Of the 55% respondents which experienced higher sales in 1Q 2014, majority enjoyed up to 5% increase. Meanwhile about 43% of the respondents indicated that they increased their selling price during 1Q 2014. The price increase was more prominent among SMEs in the manufacturing and construction sectors. In terms of exports sales and production, most of the respondents cited that the performance was similar as in the previous fourth quarter 2013.

1Q 2014


SME Outlook during First Quarter 2014

• Overall, most respondents (51.6%) foresee that their current business conditions will remain the same in the next 6 months, mainly among the small-sized SMEs and those in the agriculture sector.
• However, comparison across sectors shows that respondents in the manufacturing sector were generally optimistic as half of them cited better performance in the near-term.

 
1Q 2014 2
SME Performance during Third Quarter 2014
• With a sample size of 2,280 respondents, survey shows that in the 3Q 2014, respondents were cautiously optimistic as their business performance continued to record higher sales and profit margins during the quarter under review but to a much lesser extent than that during the 1Q 2014
• For example, 49% of the respondents experienced an increase in sales turnover, which was much lower than 55% in the 1Q 2014.


3Q 2014


SME Outlook during Third Quarter 2014

Short-term Business Outlook

• Respondents remained relatively optimistic on the near-term outlook, as 42% of them cited improved business performance in the next 6 months until March 2015, particularly microenterprises and those in manufacturing sector

3Q 2014 2

 

 

 

For further information, kindly contact: 

Cik Noor Azura Hasran
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
03 – 2775 6060

Puan Wan Nadiah Manan
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 03 – 2775 6168


Puan Farah Yasmin Yahya
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 03 – 2775 6057

CONTACT US

SME Corporation Malaysia,
Level 6, SME 1, Block B 
Platinum Sentral
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur.

General Line: 03-2775 6000
Fax Line: 03-2775 6001
Info Line: 1-300-30-6000
Email: info[at]smecorp[dot]gov[dot]my

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