Malaysia has benefited from the global shortage of semiconductors in the automobile sector, together with other manufacturing powerhouses in the region.
KUALA LUMPUR: Malaysia’s manufacturing sector expanded for the second month in a row in January 2021, despite the domestic movement control (MCO) and Moody’s Analytics expect it to pick up in coming months.
“We expect industrial production to pick up in the coming months from robust external demand for electronics, and from a rise in oil prices, ” its economist Denise Cheok said on Friday.
She said although restrictions were not as strict as the first round last March, strong export growth more than offset any decline in domestic demand.