Manufacturing likely to remain subdued

Public Invest Research projects that growth of Malaysia’s manufacturing sector would come in slower at 2% in 2023, compared with 8% last year.

PETALING JAYA: Manufacturing activities in Malaysia will likely remain subdued for the next several months amid soft global demand.

This follows the 10th consecutive month of the sector’s contraction, as indicated by the country’s manufacturing purchasing managers’ index (PMI) in June 2023, which remained below the 50-point threshold separating monthly expansion and contraction.