KUALA LUMPUR, Sept 1 — Malaysia’s manufacturing production stabilised in August, sustaining the recovery from the coronavirus disease 2019 (Covid-19) downturn, said IHS Markit today. It added that although new orders continued to soften, the pace of moderation remained much weaker than the...
Tuesday, 01 Sep 2020 11:48 AM MYT
It added that although new orders continued to soften, the pace of moderation remained much weaker than the series nadir in April. IHS Markit said manufacturing production was stable in August, losing some of the momentum seen during the initial rebound from lockdown and the latest reading followed a joint-record expansion in June and further growth in July.
It noted that cost pressures were often the result of raw material shortages but overall, firms signalled a rise in input prices, albeit one that was the softest in the current three-month sequence of inflation. “There were signs of pressure on supply chains softening, however, with lead times lengthening to the least degree since January. Purchasing activity was reduced modestly, following a rise in July.
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