KUALA LUMPUR, May 3 ― Kenanga Investment Bank Bhd has maintained its forecast that Malaysia's gross domestic product (GDP) would grow at a faster rate of 4.5 per cent - 5.0 per cent in 2024 from 3.7 per cent last year, following an improved manufacturing performance in April.

The seasonally adjusted data released by S&P Global yesterday showed that Malaysia's manufacturing purchasing managers’ index (PMI) rose to 49.0 in April from 48.4 in March, suggesting an improved GDP growth.