KUALA LUMPUR, March 1 — Malaysia’s manufacturing sector has shown signs of positive momentum in February 2023, with the seasonally adjusted S&P Global Malaysia manufacturing...
KUALA LUMPUR, March 1 — Malaysia’s manufacturing sector has shown signs of positive momentum in February 2023, with the seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index rising to 48.4 from 46.5 in January, recording its highest reading in four months.
“A desire among firms to deplete backlogs of work was also noted,” it said, adding that the month under review also saw the greatest shortening of supplier lead times since March 2013, while inflationary pressures remained relatively muted. “Positive expectations for output reflected confidence that new orders will rise as market conditions improve,” it said.
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