Solid upturn by manufacturing sector

Proton's car assembly line.

PETALING JAYA: With the Malaysian manufacturing sector’s new orders growing at the fastest pace in seven years amid stronger export sales, IHS Markit warns that consumers could be hit by price hikes in the coming months.

IHS Markit's chief business economist Chris Williamson said backlogs of work are accumulating at a rate not seen for four years as firms struggle to produce enough goods to meet growing demand.