Kenang Research said weaker external trade due to the prolonged global supply chain issues amid China’s extended lockdowns and the Russia-Ukraine war would also be responsible for the slower outlook.
PETALING JAYA: The manufacturing index growth of the industrial production index (IPI) may settle slightly lower this year following deeper-than-expected contractions in April and May, says Kenanga Research in a report.
It said weaker external trade due to the prolonged global supply chain issues amid China’s extended lockdowns and the Russia-Ukraine war would also be responsible for the slower outlook.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
