RECOVERY REMAINING ELUSIVE FOR MALAYSIAN TEXTILE-APPAREL SECTOR AS GOVERNMENT’S COVID-19 STIMULUS FAILS TO BITE
September 2nd, 2020
Data released by the Department of Statistics Malaysia on September 11 shows that while the country’s industrial production growth returned to positive territory in July for the first time since February by booking 1.2%, the textiles, apparel, leather and footwear sectors were still suffering. Indeed, production from these economically important industries for Malaysia slipped even deeper into negative territory, to minus -12.9% year-on-year, from minus -9.6% in June.
This has generated doubts that the four fiscal stimulus packages launched by the government ...
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