Manufacturing sector in fourth month of contraction

CGSCIMB said the reclamation exercise, that will be in three phases, will first need to undergo technical discussions with the Port Klang Authority and the Transport Ministry.

KUALA LUMPUR: The Malaysian manufacturing sector began 2019 with a fourth successive monthly deterioration in operating conditions, with output and new business both declining during January.

The headline Nikkei Malaysia Manufacturing Purchasing Managers' Index (PMI), a composite single-figure indicator of manufacturing performance, registered 47.9 in January, up from 46.8 in December, extending the current period of contraction to four months.