Local furniture export outlook hinges on US housing market

MIDF Amanah Investment Bank's Ng says the weakening housing market in the United States has greatly contributed to the slump in furniture exports, particularly wooden furniture.

THE outlook for the furniture industry in Malaysia remains challenging, with little to no uptick in furniture exports as the second half of the year approaches.

Seemingly, the situation has not changed much from last year, when exports fell to RM9.1bil from RM13.86bil in 2022.