KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing PMI posted 49.9 in June, broadly in line with the neutral 50.0 mark.
S&P said the data also suggested that the recent solid expansion signalled by official manufacturing production data has been sustained beyond April. "Taking the second quarter as a whole, the PMI data have represented an improvement relative to the opening part of the year, boding well for upcoming official data prints,” he added.
It noted that manufacturers also showed little appetite to hold extra items in stock at the midway point of the year. Purchasing activity, stocks of inputs and post-production inventories were all scaled back during June.
PMI Manufacturing S&P Global
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