KUALA LUMPUR, Jan 10 — MIDF Research has projected Malaysia’s industrial production index for 2022 to grow at 4.3 per cent, mainly due to the upward growth trend of the IPI in October and November last year.
“The reopening of the economy and the relaxation of lockdown restrictions point towards a better demand outlook going forward,” it said in a research note today. On the employment rate, Malaysia’s labour market has improved further to reach a six-month high as the working force for November 2021 expanded by 2.7 per cent y-o-y while unemployed persons fell 9.2 per cent, the largest contraction rate since June 2021.
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