MIDF expects economic activities to strengthen

MIDF Research said Malaysia’s manufacturing activities accelerated in December 2021, expanding for the third consecutive month following the economic reopening and the easing of the Covid-19 curbs

KUALA LUMPUR: MIDF Research foresees Malaysia’s economic activities to strengthen further this year, fostered by the recovery in private consumption and robust external trade.

In a research note, it noted that the IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – rose to 52.8 in December 2021 from 52.3 in November.