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FMM Cautious but Optimistic on First Half of 2017

FMM in The News: The Sun Daily, March 2, 2017

KUALA LUMPUR: Malaysian manufacturers are optimistic but cautious about business and economic prospects for the first half of 2017, said the Federation of Malaysian Manufacturers (FMM).

This is despite the improvement in business activity reported during the second half of 2016 (2H 2016), after six consecutive bi-annual periods of low activity.

FMM president Tan Sri Lim Wee Chai said manufacturers are concerned about local sales and cost of production.

According to the FMM-MIER Business Conditions Survey, local sales improved to 87 points in 2H 2016 from 80 points in 1H 2016 but survey respondents expect this to remain flat at 87 points for 1H 2017.

Cost of production rose to 167 points in 2H2016 from 154 points in 1H 2016 and respondents expect this to reduce slightly to 165 points in 1H 2017.

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