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Financial News: No Change For Malaysia Manufacturing PMI - S&P

No Change For Malaysia Manufacturing PMI - S&P Global

10/31/2024 - 20:47:00 (RTTNews)

(RTTNews) - The manufacturing sector in Malaysia continued to contract in October, and at a steady rate, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 49.5.

That's unchanged from September, and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

The latest PMI reading remains consistent with modest growth in official GDP statistics, continuing the trend that began in the third quarter. The data also suggested that the recent expansion signaled by official manufacturing production data has been sustained at the start of the final quarter of the year.

New orders increased first the first time since June at the start of the final quarter but reports from panelists that demand remained subdued meant that the rate of expansion was only fractional overall.

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