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Financial News: Malaysia Manufacturing PMI Improves To 49.1 In December

Malaysia Manufacturing PMI Improves To 49.1 In December - Markit

01/03/2021 - 19:55:00 (RTTNews)

(RTTNews) - The manufacturing sector in Malaysia continued to contract in December, albeit at a slower rate, the latest survey from market Economics revealed on Monday with a manufacturing PMI score of 49.1.

That's up from 48.4 in November, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output and new orders remained subdued, although employment levels stabilized last month. Input costs rose sharply.

Foreign demand for Malaysian manufactured goods also fell back, albeit with the pace of the reduction easing as some firms reported returning orders from markets outside Asia.

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