PETALING JAYA: Members of the Federation of Malaysian Manufacturers (FMM) are bracing for a sluggish second half in 2019 due to uncertainties arising from the US-China trade tensions, Brexit and global economic slowdown.
Its President Datuk Soh Thian Lai (pix) cited the organisation’s business conditions survey conducted with Malaysian Institute of Economic Research indicated that only 29% of its respondents are projecting a pick up in business activities, while 28% are expecting a slowdown and the rest foresee their business to remain unchanged.
Meanwhile, the survey also revealed that the manufacturing sector took a downturn in the first half of the year with the business conditions index registering a score of 78 points against 107 points recorded in the second half of the previous year.
With regards to trade, only 25% of FMM members surveyed expect higher export sales in the second half of the year.
source https://www.thesundaily.my/business/fmm-members-bracing-for-a-slowdown-in-second-half-GB1289484
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