The optimism defied Malaysia’s second monthly fall in Nikkei’s Purchasing Managers Index to 47.8 last month, down from 48.8 in May. — Picture by Ahmad Zamzahuri
The optimism defied Malaysia’s second monthly fall in Nikkei’s Purchasing Managers Index to 47.8 last month, down from 48.8 in May.Chris Williamson, chief business economist at IHS Markit that compiled the data, said the decline in the PMI indicated continuing headwinds for manufacturing as a result of slowing global trade.
“Encouragingly, manufacturers continued to see signs that the business outlook is brightening,” he said in the monthly report.
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