Malaysia manufacturing PMI returns to expansion in April

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KUALA LUMPUR: Malaysia's manufacturing purchasing managers index (PMI) expanded to 51.6 in April from49.6 in March, indicating a renewed improvement in the health of the sector.

"April saw a welcome surge in demand for manufactured goods with producers reporting the strongest inflow of new orders for eight years, reflecting a combination of improving sales at home and abroad.

"In short, manufacturers are seeing signs of reviving demand but their efforts to boost production to meet these new orders continue to be frustrated by shortages, which will likely put further pressure on inflation in the coming month,” Williamson said. Firms noted that stronger client confidence had boosted demand in both domestic and external markets.

Firms commonly attributed muted production to difficulty sourcing and receiving inputs amid material shortages and delivery delays as well as staffing shortages.

 

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