Kuala Lumpur: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) rose to 50.2 in May 2024 from 49.0 in April 2024, signaling a renewed improvement in manufacturing sector conditions following 20 months of moderation.
Kuala Lumpur: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index rose to 50.2 in May 2024 from 49.0 in April 2024, signaling a renewed improvement in manufacturing sector conditions following 20 months of moderation.
This indicates a turnaround from the period of subdued conditions previously and hints at an acceleration in growth of GDP into the second quarter, she said. “And while the expansion in new orders and production was accompanied by rising inflation, the rates of increase in both input costs and output prices were subdued by historical standards,” she said.Pan said the overall sentiment also stayed positive, with firms expecting higher output in the coming year.
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