Kenang Research said weaker external trade due to the prolonged global supply chain issues amid China’s extended lockdowns and the Russia-Ukraine war would also be responsible for the slower outlook.
PETALING JAYA: The manufacturing index growth of the industrial production index (IPI) may settle slightly lower this year following deeper-than-expected contractions in April and May, says Kenanga Research in a report.
It said weaker external trade due to the prolonged global supply chain issues amid China’s extended lockdowns and the Russia-Ukraine war would also be responsible for the slower outlook.
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