“The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – posted 50.0 in July, down marginally from 51.0 in June but still well above the readings seen during the worst of the Covid-19 downturn and above the survey’s long-run average of 49.0, ” it said.
KUALA LUMPUR: The recovery in the Malaysian manufacturing sector continued in July and firms expect market demand to strengthen over the coming year, supporting overall confidence in the 12-month outlook for production.
In a note, IHS Markit said that after rising at a joint record pace in June, output continued to expand in the latest survey period, with trends in new orders much improved since the nadir of the Covid-19 downturn in April.
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