FMM sees dip in manufacturing in Q1 2023

“The government must take proactive steps to come up with the right policies to assist industries, especially small and medium enterprises, so that they can weather the global downturn that will impact Malaysia’s economy,” says FMM president Soh.

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) expects the local manufacturing sector to experience a downturn in the first quarter of next year (1Q23) due to global uncertainties.

In light of the potential slowdown, FMM president Tan Sri Soh Thian Lai said the order books of companies might see lower growth.