Manufacturers turn cautious as PMI declines

Kenanga Research said it is optimistic the overall health of manufacturing conditions may gain further traction in the coming months.

PETALING JAYA: Renewed cautiousness has once again surrounded economic sentiment, following the fall in the manufacturing Purchasing Managers’ Index (PMI) last month.

This is the fourth consecutive decline in this economic indicator for Malaysia and sentiment going forward here may be influenced by geopolitical tensions in the Middle East which have flared up overnight.