Malaysia Manufacturing Sector Slips Into Contraction – S&P Global
By RTTNews Staff Writer ✉ | Published:
The manufacturing sector in Malaysia fell into contraction territory in September, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 49.1.
That’s down from 50.3, and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction.
Central to the loss of momentum in the latest survey period were reports of waning customer demand. This resulted in a moderation in new orders in September, ending a five-month sequence of expansion. Similarly, new export orders slowed amid weakness in international demand conditions.
A lack of demand led manufacturers to scale back production for the second successive month, with the rate of moderation accelerating to the fastest since March.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
Responses