Malaysian mfg sales down 2.2pc in July
Wednesday, 19 September 2007
KUALA LUMPUR, Sept 18 (AFP): Malaysia's manufacturing sales, a key component of the economy, fell 2.2 per cent from a year earlier to 45.21 billion ringgit (13 billion dollars) in July, the government said today.
Lee Heng Guie, chief economist at CIMB Investment Bank, said the figures were not surprising given recent sluggish export data.
"The (manufacturing) numbers continue to disappoint us. They are not too encouraging for the first seven months of the year and point to a general slowdown for Malaysia in electrical and electronic exports," he said.
Lee Heng Guie, chief economist at CIMB Investment Bank, said the figures were not surprising given recent sluggish export data.
"The (manufacturing) numbers continue to disappoint us. They are not too encouraging for the first seven months of the year and point to a general slowdown for Malaysia in electrical and electronic exports," he said.