PETALING JAYA: MIDF Research expects the manufacturing sector to maintain its recovery momentum, driven by improved factory output and resilient domestic demand, though external headwinds remain a concern.
The investment bank based its outlook on the latest S&P Global Manufacturing Purchasing Managers’ Index, which rose to 49.3 in June 2025 – the highest reading since October 2022 – indicating stronger production and a more moderate decline in new orders.
“In other words, we expect industrial production index growth to pick up, as the improvement in manufacturing output reflects a continued, albeit temporary, boost to external trade,” it said in a note. — Bernama
