Financial News: Malaysia Manufacturing PMI See Slight Improvement - S&P

Malaysia Manufacturing PMI See Slight Improvement - S&P Global

(RTTNews) - The manufacturing sector in Malaysia continued to expand in January, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 50.2.

That's up from 50.1 in December and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

The slight uptick in the headline index was supported by a renewed rise in manufacturing output in January. The respective seasonally adjusted index posted in growth territory for the first time in five months. While only modest, the pace of expansion was the strongest since July 2022.

Additionally, following a slight moderation in the month prior, demand conditions stabilized in January. According to anecdotal evidence, demand conditions remained subdued but had shown some signs of improvement at the start of the year. Meanwhile, new export orders increased for the first time in five months, and at the fastest rate since July 2024.

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