Market analysts observe sharp decline in local manufacturing sector due to Covid-19 restrictions | Malay Mail

Monday, 04 May 2020 10:48 AM MYTIHS observed that around 95 per cent of companies managed to retain its staff and reported unchanged numbers in employees. — Picture by Sayuti Zainudin

The report cited local and global restrictions enforced to contain the pandemic as the main factors contributing to the industry’s latest performance, with restricted demand leading to producers operating below its full capacity. “Export demand meanwhile collapsed as governments around the world took drastic action to prevent healthcare systems from being overwhelmed,” he wrote in a statement released along with their findings.

“Stocks of inputs also fell markedly as firms tightened their inventories to contain costs,” read the IHS statement. “It was reassuring to see only a modest fall in employment, as the vast majority of firms held on to staff to safeguard longer-term production capacity. Business expectations for the year ahead also ticked higher, as more companies saw prospects improve.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jump in Kuala Selangor Covid-19 cases after traders visit KL wholesale marketCORONAVIRUS | The infections are concentrated mostly in Tanjung Karang, which has 10 new cases.
Source: malaysiakini - 🏆 20. / 51 Read more »

Covid-19: Seremban wet market closed indefinitely after 2 traders test positiveSEREMBAN: The Seremban wet market has been closed indefinitely for cleaning and sanitising after it was learnt that two traders here tested positive for Covid-19. Kluster Seremban?
Source: staronline - 🏆 4. / 75 Read more »

Covid-19: Market in Ampang closed after one positive case detectedAMPANG: The Pasar Taman Tasek Tambahan here has been closed for disinfection after one trader’s employee tested positive for Covid-19. No surprise. More to come cuz government already gave green lights no? DGHisham Monday OPEN right ? Ampang good job! One person got it and it shut down.
Source: staronline - 🏆 4. / 75 Read more »

Report: Single Covid-19 case during voluntary testing sees Ampang market closed | Malay MailKUALA LUMPUR, May 3 — Authorities found one positive Covid-19 case among traders at a market in Taman Tasek Tambahan, Ampang, Selangor, earlier this week and has since ordered its closure, The Star reports.  The case involved an employee of a trader at the market who tested positive after... Better safe than sorry
Source: malaymail - 🏆 1. / 86 Read more »