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Financial News: Malaysia Manufacturing Sector Falls Back Into Contraction

Malaysia Manufacturing Sector Falls Back Into Contraction - IHS Markit

08/31/2020 - 21:45:00 (RTTNews)

(RTTNews) - The manufacturing sector in Malaysia dropped back into contraction in August, the latest survey from IHS Markit showed on Tuesday with a manufacturing PMI score of 49.3.

That's down from 50.0 in July and it moves back beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production was unchanged, building on recent growth - but new orders continued to soften. Employment has bene scaled back to the greatest degree in survey history.

Evidence from panel members suggested that customer demand remained relatively weak, notably in foreign markets.

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