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PETALING JAYA: After a sharp V-shaped rebound after the movement control order (MCO), the Malaysian manufacturing sector appears to have moved towards stabilisation.
The country’s manufacturing Purchasing Managers’ Index (PMI) has continued to moderate over the past two months but contracted slightly in August. However, economists feel the PMI number of 49.3 in August was not a major cause for concern as the worst appears to be over for the sector.
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