KUALA LUMPUR (Nov 2): AmInvestment Bank expects Malaysia’s the manufacturing sector to remain under pressure, reflected by lower manufacturing sales, new domestic and export orders. In an economic report today, AmBank Group chief economist Anthony Dass said Malaysia manufacturing PMI in October dropped to 47.2% in October. He explained that a reading above 50 denotes expansion and below 50 as contraction. Dass said the manufacturing PMI has been posting readings below 50 since April 2015. Growth for 2016 and 2017 will continue to be driven by domestic demand with exports complementing,” he said.

Source: The Edge Markets November 02, 2016 00:58 UTC