Malaysia's economic growth to be sustained despite lower PMI in October - MIDF

KUALA LUMPUR: MIDF Research expects Malaysia’s economic growth momentum to be sustained on the back of growing domestic demand despite the manufacturing Purchasing Managers’ Index (PMI) falling further to 48.7 last month from 49.1 in September 2022.

The research house said that although the PMI readings continued to signal slowing demand, external trade data remained robust defying slowdown concerns.