Manufacturers bracing for slower growth in second half, survey says

FMM president Datuk Soh Thian Lai said respondents were cautiously bracing for slower growth in the second half.

KUALA LUMPUR: Business activity was sluggish in the first half of 2019 and manufacturers are bracing for slower growth in the second half, according to a joint survey by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER).

During the H1, general business activity index fell 29 points to 78, the lowest reading for the index since 2012, according to the findings of their latest business conditions survey.