Industrial sector set for resurgence

Public Invest Research said that in the short term, Malaysia’s manufacturing output is poised to closely track the trajectory of global semiconductor sales.

PETALING JAYA: While the local industrial production index (IPI) is expected to register a persisting deceleration in growth for the rest of the year, analysts say the sector is poised for a resurgence in 2024.

In September, the IPI registered a marginal contraction of 0.5% year-on-year (y-o-y) after recording a negative growth of 0.3% in the previous month.