Malaysia Manufacturing PMI Slips In October - S&P Global

(RTTNews) - The manufacturing sector in Malaysia continued to contract in October, and at a faster rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 49.5.

That's down from 49.8 in September and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Based on the historical relationship between the Malaysia PMI data and official output numbers, the latest PMI reading suggests that both GDP and official manufacturing production increased solidly on an annual basis at the start of the final quarter of the year.

New orders moderated for the first time in three months during October, though the rate of reduction was only fractional. Where sales fell, firms mentioned weak market activity and subdued client confidence. Data suggested that the reduction in total sales in part reflected a steeper fall in new export orders.