KUALA LUMPUR, June 1 — The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose sharply to 45.6 in May 2020 from the record low of 31.3 in April 2020 survey. In a note today, IHS Markit said Malaysia’s manufacturing sector showed signs of approaching stabilisation...
Monday, 01 Jun 2020 10:42 AM MYT
In a note today, IHS Markit said Malaysia’s manufacturing sector showed signs of approaching stabilisation midway through the second quarter, with rates of reduction in output, new orders and employment all easing considerably. Barring any second wave of infections, Williamson opined that the coming months should see signs of at least stabilisation as restrictions to contain the virus are gradually eased both at home and in export markets.
According to IHS Markit, despite the large month-on-month rise in May’s headline figure, the reading of 45.6 remained below the neutral 50.0 mark and was therefore indicative of a further deterioration in manufacturing sector conditions. The downturn lost strength amid reports that some firms had restarted production following a partial lifting of lockdown rules, it said.
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