Manufacturers confident output will expand further

“Companies have become more optimistic about the outlook. Optimism has been buoyed by stronger export sales and signs of a possible peaking of both supply delays and input cost inflation,’’ S&P Global Market Intelligence chief business Economist Chris Williamson said.

PETALING JAYA: The local manufacturing sector saw demand conditions soften midway through the second quarter of 2022 but businesses are increasingly confident that output would expand over the coming 12 months.

This bodes well for output and jobs growth to improve further.