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FMM Press Release on Quick Survey on Sabah Manufacturers Issues and Challenges for 2nd Quarter 2023

In summary, the results indicated weak internal domestic demand coupled with rising cost of raw materials, inflation and global economy slowdown have negative impact on the manufacturing sector in the State.  The business performance in the 2ndquarter of 2023 was lower than same period last year and this is a clear sign of economy slowdown.

The survey, which drew 43 respondents from the manufacturing sector in the State,tracked the business performance for the first of half of this year in general and major issues of concerns to the manufacturing sector in the State.

FMM Sabah Quick Survey Findings for 2nd Quarter 2023

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