Sentiment in the manufacturing sector remained broadly positive in May, with firms expressing expectations of improved demand conditions over the next 12 months.
PETALING JAYA: The manufacturing sector is likely to remain on a cautious footing in the near term, as lingering uncertainties over global trade policy and ongoing input cost pressures continue to weigh on production momentum.
While the seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) edged up slightly to 48.8 in May from 48.6 in the previous month, the improvement was modest and below the neutral 50-threshold – indicating that overall activity remained in contraction territory.
