Financial News: Malaysia Manufacturing Sector Softens In April - S&P

Malaysia Manufacturing Sector Softens In April - S&P Global

(RTTNews) - The manufacturing sector in Malaysia continued to contract in April, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 48.6.

That's down from 48.8 in March, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Manufacturers often noted that demand in the sector remained muted during April, with reports of weak customer confidence. Total new business decreased for the second consecutive month, albeit at a slightly softer rate.

At the same time, demand conditions in international markets deteriorated again. With customer demand remaining subdued, manufacturers scaled back production for the eleventh consecutive month. The pace of moderation strengthened from March and was the steepest in three months.

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