Demand recovery seen

KUALA LUMPUR: Malaysian manufacturers have expressed optimism about the outlook for output in the coming year, although the overall degree of sentiment waned to the softest since last October.

S&P Global said while many companies attributed optimism to hopes that national and international pandemic restrictions would lift and aid recovery in demand, other firms were concerned that the war in Ukraine would further exacerbate price and supply pressures and continue to hold back a strong improvement in operating conditions.