Manufacturing remains on recovery path

Malaysia’s manufacturing purchasing managers’ index (PMI) slowed to 50.1 in May 2022 from 51.6 in April – a two-month low. (File pic shows workers packing cooking oil at a factory in Klang. AZHAR MAHFOF/The Star)

KUALA LUMPUR: Kenanga Research has maintained its outlook for the manufacturing activity to remain on a recovery path as the country transitioned to the endemic phase, despite the stagnant performance in May.

Malaysia’s manufacturing purchasing managers’ index (PMI) slowed to 50.1 in May 2022 from 51.6 in April – a two-month low.