“Sales projections for 1H2020 are gloomy with both local and domestic sales on a decline, a sign that tough times are ahead. Only 17% and 20% of the respondents are forecasting higher local and export sales respectively for 1H2020, ” said Federation of Malaysian Manufacturers (FMM) president Tan Sri Soh Thian Lai.
KUALA LUMPUR: Malaysian manufacturers expect sales to be on the decline in the first half of this year due to the continued uncertainties and the outbreak of the Covid-19 coronavirus, according to the 16th edition of the FMM-MIER Business Conditions Survey.
General business conditions, local and export sales, production volume, capacity utilisation, capital investment and employment with the exception for cost of production, were expected to be below the optimistic threshold level, the findings of the survey showed.
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