MALAYSIA’S MANUFACTURING SECTOR TAKES WORST PLUNGE SINCE 2012 – SURVEY

PETALING JAYA: Malaysia’s manufacturing sector took the sharpest hit in the last six-and-a-half years, according to a Nikkei survey.

The Nikkei Purchasing Managers’ Index (PMI), which began in July 2012, went down to 46.8 in December from the previous month’s 48.2, the Nikkei Asian Review reported.

A reading above 50 points to a growth while below 50 shows a contraction.

The report also said the manufacturing economy shrank in each month of the fourth quarter.

“The loss of growth momentum was attributed to resignations.”

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