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Financial News: Malaysia Manufacturing PMI Improves To 49.5 In February

Malaysia Manufacturing PMI Improves To 49.5 In February - S&P Global

02/29/2024 - 20:19:00 (RTTNews)

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

That's up from 49.0 in January although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

The latest survey data pointed to a further scaling back of manufacturing output, the nineteenth in as many months. That said, the pace at which production eased was mild and the softest since August 2022.

Respondents largely attributed the latest easing of output to weak demand conditions, though some firms mentioned that some areas of demand had showed signs of recovery. This was consistent with softer moderations of total new orders and new export business.

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