A reading above 50 indicates an overall increase compared with the previous month, and below 50 an overall decrease. theSun theSundaily Malaysia manufacturer manufacturing BusinessNews
Malaysia’s manufacturing sector reported a renewed increase in growth momentum at the start of the second quarter of 2022, with the seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index rising from 49.6 in March to 51.6 in April.
Businesses were concerned that sustained price and supply pressures had hampered operations, with material shortages and delivery delays widespread. This affected firms’ expectations regarding future output, which fell to the lowest since last August. April data suggested that output was scaled back for the fourth month running. However, the rate of moderation softened from March and was only mild.
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