Business conditions in manufacturing remain challenging

BUSINESS conditions in Malaysia’s manufacturing sector remained challenging in September despite the four-month high purchasing managers’ index (PMI) of 47.9 last month versus the 47.4 recorded in August.

At the current level, the PMI is broadly indicative of annual gross domestic product growth of between 4.5% and 5%, according to historical comparisons, IHS Markit Ltd said in a statement today.