PETALING JAYA: There is light at the end of the tunnel for the manufacturing sector as it is set to stage a rebound next year after the latest relevant data indicated its lowest reading since May this year.
Based on the IHS Markit data, the manufacturing purchasing managers’ index (PMI) in November fell to 48.4 points from 48.5 in October. A reading above 50 signals expansion while less than 50 means a contraction.
