KUALA LUMPUR, May 10 — MIDF Research has maintained the Industrial Production Index (IPI) growth forecast at 4.3 per cent this year, with production activities expected to continue expanding, as the manufacturing sector strengthened in April 2022 with Purchasing Managers’ Index (PMI) rising to...
Tuesday, 10 May 2022 07:20 PM MYT
In a note today, the research house said Malaysia’s March IPI growth was the fastest in three months, bettering market’s expectation. On a positive note, the research house said the outlook for domestic-oriented sectors is expected to be encouraging given further economic reopening and relaxation of Covid-19 restrictions.
However, more than half of the vacancies are low-skilled, elementary jobs, while high-skilled professional jobs declined 5.9 per cent, a 17-month low; legislators, senior officials and managers 2.9 per cent, a 13-month low. On a quarterly basis, first quarter 2022 employment growth is at a record high of 2.9 per cent yoy; joblessness contracted the highest by 12.6 per cent yoy, due to the positive effects of lifting Covid-19 curbs and external trade sector support, it noted.
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