Published Date: 21/05/2024
- Production activities flourished as the PMI bounced up to 50.3 in April due to the rebound of new orders.
- We deem some emerging challenges are: inflation appears to be on the rise again, the narrowed trade surplus leaves lesser room to support for exchange
rate. - We expect input rates to bottom out in 2Q24 and will be able to inch up by 50- 70 bps in the second half of 2024
