Malaysia's manufacturing PMI remains subdued in April

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Malaysia's manufacturing PMI remains subdued in April

STORY: Malaysia's manufacturing PMI remains subdued in April DATELINE: May 3, 2023 LENGTH: 00:03:12 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of container vessels at Northport of Port Klang, Selangor 2. various of Kuantan Port 3. various of visuals at the factory areas in Klang Valley STORYLINE: The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers' Index (PMI) was unchanged at 48.8 in April, signaling that business conditions remained challenging for firms. S&P Global Market Intelligence said in a statement on Tuesday that the index has been at its joint highest level since September last year, suggesting a tentative recovery in operating conditions since the turn of the year. According to the research house, the latest PMI reading suggested that Malaysia's gross domestic product (GDP) growth is running at a similar level to that seen in the final quarter of 2022, as well as modest year-on-year improvements in official industrial production data. While the

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