MIDF Research projects moderate 4.2% GDP growth in 2023

MIDF Research projects moderate 4.2% GDP growth in 2023 FMTNews FMTBusiness

The S&P Global manufacturing purchasing managers’ index for Malaysia rose marginally to 47.8 in July.

MIDF’s comment follows recent data that reveals the hampered growth of Malaysia’s manufacturing sector entering the third quarter of 2023. This decline in confidence is evident in the moderation of new export orders, which experienced the most significant slowdown since May 2020.

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