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Malaysia’s manufacturing sector’s growth eases in August, PMI slips to 50.3

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KUALA LUMPUR, Sept 1 ― The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) slipped to 50.3 in August from 50.6 in July, indicating a...

KUALA LUMPUR, Sept 1 ― The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index slipped to 50.3 in August from 50.6 in July, indicating a softer improvement in the health of the sector.

In a statement today, chief business economist Chris Williamson said the Malaysian manufacturing sector reported improved business conditions for the tenth time in August, though it clearly remained under pressure from raw material and labour shortages, rising prices and weak demand, notably from overseas.

“Similarly, despite falling export demand, August saw new orders rising at a slightly increased rate, which should feed through to improved production growth in September. S&P Global Market Intelligence said the softer headline figure in August was largely due to a renewed moderation in output volumes, but noted that the rate of reduction was only fractional.

 

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