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Manufacturers bracing for slower growth in second half, survey says

FMM in the news: The Star, Wednesday, 21 Aug 2019   KUALA LUMPUR: Business activity was sluggish in the first half of 2019 and manufacturers are bracing for slower growth in the second half, according to a joint survey by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER).

During the H1, general business activity index fell 29 points to 78, the lowest reading for the index since 2012, according to the findings of their latest business conditions survey.

The survey said most (45%) of the respondents reported that activity had declined in the first half of 2019, up from 30% in the second half of 2018 and 32% in the first half of 2018.

The survey also said the local sales index posted a significant decline, falling 16 points from the second half of 2018 to 77 in the first half of 2019 - its lowest level since the second half of 2015.

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