S&P Global: Latest PMI shows continued downtrend across Malaysian manufacturers

S&P Global Malaysia News

S&P Global: Latest PMI shows continued downtrend across Malaysian manufacturers
ManufacturingEmploymentEconomic Trends
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KUALA LUMPUR, May 2 — New data from purchasing managers indicate a continuation of the decline across the local manufacturing sector since the start of the second quarter as...

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New data from purchasing managers indicate a continuation of the decline across the local manufacturing sector since the start of the second quarter as demand remained subdued overall, S&P Global said in its latest Malaysian PMI report.

Meanwhile, input price inflation changed little on the month and contributed to a renewed increase in output prices, though the rate of charge inflation was marginal. “Manufacturers often noted that demand in the sector remained muted during April, with reports of weak customer confidence,” the PMI report said.

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