Malaysia Manufacturing PMI Improves In January - S&P Global
(RTTNews) - The manufacturing sector in Malaysia continued to contract in January, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 48.7
That's up from 48.6 in December, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Operating conditions have now moderated in each of the last eight months. The latest PMI reading suggested that GDP growth is running at a softer, yet still positive rate, as well as pointing to sustained year-on-year improvements in official manufacturing production data.
Production levels were subdued in the latest survey month, with the respective seasonally adjusted index remaining below the neutral 50.0 mark. Output has now been scaled back for eight months in succession, with the latest moderation the most pronounced since December 2023.
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