Business conditions in manufacturing remain challenging | The Malaysian Insight

Survey data points to an increasingly tough environment in recent months, but improved sales to existing customers contributed to a rise in the new orders index. – AFP file pic, October 1, 2019.

BUSINESS conditions in Malaysia’s manufacturing sector remained challenging in September despite the four-month high purchasing managers’ index 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.

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