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Financial News: Malaysia Manufacturing PMI Contracts Further In May -

Malaysia Manufacturing PMI Contracts Further In May - Nikkei

06/02/2019 - 20:55:00 (RTTNews)

(RTTNews) - The manufacturing sector in Malaysia continued to contract in May, and at a faster rate, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 48.4.

That's down from 49.4 in April, and it moves farther beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, international demand weakened, although future output expectations were at their strongest since late 2013.

Purchasing activity also declined in May, partly due to an increased focus on cost control amid slower production growth.

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