PETALING JAYA: Economists are split on their outlook over the latest Purchasing Manager’s Index (PMI) data from September and what it represents going forward, after it nudged down fractionally to 49.8 from 49.9 in August.
For context, the PMI is a widely watched economic indicator that provides an early snapshot of business activity, based on surveys of purchasing managers in sectors such as manufacturing and services, who are asked about new orders, production, employment, supplier deliveries, and inventories.
