KUALA LUMPUR, June 12 — Economists believe that the improving domestic and global demand drove Malaysia to post the highest growth in manufacturing sales, at 72.5 per cent year-on-year (y-o-y), in April 2021.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the economy was more open since March this year, therefore helping in driving the sharp acceleration in manufacturing sales.
“The low base recorded during April 2020 is the main reason for the big jump in terms of y-o-y comparison; it’s due to a greater scale of…
