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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 2019
  • With a total sample size of 1,346 respondents nationwide, the Survey was well represented in terms of economic sectors, geographical spread and size of establishment.
  • Majority of the respondents were from services sector (62.3%), followed by manufacturing (31.2%), construction (4.5%) and the remaining 1.9% from agriculture sector. In terms of the business size, bulk of respondents were microenterprises and small-sized firms (83.3%), while medium-sized firms accounted for 16.7%.
  • Looking at the region, respondents were equally distributed across states with Selangor and Kuala Lumpur contributed the highest portion at 18.4%. About three-quarter of respondents (75.4%) were men-owned SMEs while women-owned SMEs constituted about 24.6%. In terms of legal set-up, respondents were mostly operated as private limited companies (58.4%) and sole proprietors (31.9%).
  • Comparing 1Q 2019 against 4Q 2018, majority respondents highlighted that their businesses recorded higher sales (55.4%) and profit margin (46.0%), particularly SMEs in the agriculture and services sectors, as well as among small-sized firms. Of those who experienced higher sales in 1Q 2019, majority enjoyed up to 5% increase.
  • Percentage of respondents citing higher orders and bookings was higher in 1Q 2019 (48.7%) as compared to the one recorded in the previous 3Q 2018 SME Survey (34.0%).
  • A total of 43.2% of the respondents have increased their selling price during the quarter. The price increase was more prominent among microenterprises and small-sized SMEs. In terms of exports sales and production, most of the respondents said that the performance was similar as in the previous quarter (4Q 2018).

2019



Economics and Policy Division
SME Corp. Malaysia
8 April 2021
 
SME Performance during Third Quarter 2018

 

  • The Third Quarter 2018 (3Q 2018) SME Survey which garnered 1,721 respondents was comprehensive in terms of economic sectors, business size and geographical coverage.
  • A total of 67.6% of the respondents were from services sector, 23.0% from manufacturing sector, 6.4% from construction and the remaining 3.0% from agriculture sector.
  • In 3Q 2018, SMEs experienced higher sales (45%) but to a lesser extent than previous survey (3Q 2017: 49.6%). Majority SMEs experience same performance in term of profits (41%) as well as maintain selling price (47%) of their goods and services.

chart1

SME Outlook during 2018

  • The gradual improvement is also reflected in the near-term outlook, as about 44% of respondents expected their business to improve, higher than recorded previously, thus indicating that SMEs have become more optimistic.
  • Despite the upbeat outlook, there are still some concerns on the increasing competition, high cost of doing business and high labour cost.


chart2

SME Performance during Third Quarter 2017

• Covering 1,469 respondents, survey findings indicated that business performance of SMEs sustained in the third quarter 2017 (3Q 2017).
• About 50% of respondents experienced higher sales (3Q’ 16: 43.8%) while about 39% earned higher profits (3Q’16: 33.4%).

 

E1

SME Outlook during Third Quarter 2017

• The gradual improvement from the past year also reflected in the near-term outlook, as about 40% of respondents were expecting their business to improve, higher than 36.4% recorded in the previous quarter, thus indicating that SMEs have become more optimistic.

• Key factors contributing to the improved business outlook were positive consumer confidence, positive business sentiment and higher consumer spending.

• Despite the upbeat outlook, there are lingering concerns on the rising cost of business and lower demand of goods and services.

E2
SME Performance during First Quarter 2017

• With a sample size of 2,236 SMEs, findings showed that SMEs had better business performance in the first quarter 2017 (1Q 2017).
• Detailed findings revealed that more respondents experienced higher sales and profits in the 1Q 2017 compared to the previous quarter. A close look at the findings showed that about 49% of the respondents experienced higher sales (3Q’16: 44%), while about 41% earned higher profits (3Q’16: 33%).

 

Eng1

SME Outlook during First Quarter 2017

• The gradual improvement in business performance was further reflected in a better short-term outlook. About 36% of the respondents were expecting their business to improve, higher than 29.2% recorded previously, thus indicating that SMEs have become more optimistic.

• Among the key factors contributing to the improved business outlook were positive consumer confidence, positive business sentiment and higher consumer spending.

• Despite the upbeat outlook, there are lingering concerns on the rising cost of business and lower demand of goods and services.

Eng2
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 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
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

 

 

 

For further information, kindly contact: 

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

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SME Corporation Malaysia
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Jalan Stesen Sentral 2
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50470 Kuala Lumpur

Info Line: 1300-30-6000
Fax Line: 03-2775 6001
Email: info[at]smecorp[dot]gov[dot]my

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