KUALA LUMPUR, Dec 10 — MIDF Research has maintained its forecast for Malaysia’s Industrial Production Index to grow by 9 per cent this year consistent with its full-year projection.
“With Malaysia’s manufacturing Purchasing Managers’ Index remaining above 50, we believe IPI growth will continue in November 2021,” it said in a note today. Nevertheless, it expects upward momentum in manufacturing sales to continue in the coming months as the economic reopening would allow both consumers and businesses to increase their spending activities.
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