KUALA LUMPUR: Kenanga Investment Bank Bhd
maintains its 2025 gross domestic product (GDP) growth forecast at 4.8 per cent and projects a moderation to 4.2 per cent in 2026, supported by a stable Manufacturing Purchasing Managers’ Index (PMI).
In a research note today, it said manufacturing PMI averaged 49.9 in the fourth quarter of 2025 (4Q 2025), closer to the neutral mark of 50.0, indicating broadly stable conditions despite global uncertainty from US tariffs.
