Nikkei Malaysia also projected a full-year growth of 4 per cent for the manufacturing sector. — Reuters pic
In its Purchasing Managers Index for May, Malaysia recorded a score of 48.8, down marginally from the seven-month high of 49.4 in April. A PMI score under 50 denotes contraction while a score above 50 signals expansion. “The PMI lost a little ground in May but remained well above the lows seen earlier in the year, hinting that the worst is hopefully over for Malaysia’s manufacturers.
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