The IHS Markit Malaysia Manufacturing PMI edged down to 48.4 in November 2020 from 48.5 in October. This was the fourth straight month of contraction as a rise in COVID-19 cases both domestically and around the world has led to reduced demand for Malaysian manufactured goods while supply chains struggled to deliver inputs in a timely manner. Both production and new order volumes moderated, yet the pace of deterioration was markedly softer than in April. Exports continued to decline, due to a resurgence of infections in key markets such as India was cited as a contributor to ongoing weakness in exports. Meanwhile, the rate of job shedding eased to the softest since May. On the price front, the rate of input cost inflation accelerated and was the fastest in four months. As a result, output charges continued to increase. Looking ahead, sentiment strengthened amid hopes that an end the pandemic would bring about a return to normal operating conditions and boost production. source: Markit Economics

Manufacturing Pmi in Malaysia is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Malaysia to stand at 50.00 in 12 months time. In the long-term, the Malaysia Manufacturing Pmi is projected to trend around 49.40 points in 2021 and 48.90 points in 2022, according to our econometric models.

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Malaysia Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.40 48.50 52.00 31.30 2015 - 2020 points Monthly


News Stream
Malaysia Factory Activity Shrinks for 4th Month
The IHS Markit Malaysia Manufacturing PMI edged down to 48.4 in November 2020 from 48.5 in October. This was the fourth straight month of contraction as a rise in COVID-19 cases both domestically and around the world has led to reduced demand for Malaysian manufactured goods while supply chains struggled to deliver inputs in a timely manner. Both production and new order volumes moderated, yet the pace of deterioration was markedly softer than in April. Exports continued to decline, due to a resurgence of infections in key markets such as India was cited as a contributor to ongoing weakness in exports. Meanwhile, the rate of job shedding eased to the softest since May. On the price front, the rate of input cost inflation accelerated and was the fastest in four months. As a result, output charges continued to increase. Looking ahead, sentiment strengthened amid hopes that an end the pandemic would bring about a return to normal operating conditions and boost production.
2020-12-01
Malaysia Manufacturing Shrinks the Most in 3 Months
The IHS Markit Malaysia Manufacturing PMI fell to 48.5 in October 2020 from 49.0 in September. This was the third straight month of contraction and the steepest in the sequence, amid the extension and reintroduction of restrictions to prevent the spread of COVID-19. The decline in export sales gathered pace to result in a weakened order book situation. As a result, production was scaled back and employment fell further. Firms were reluctant to raise buying levels and hold inventories, leading to a depletion in stocks of both purchases and finished goods. At the same time, suppliers' delivery times lengthened solidly again, though demand for inputs dropped. On the price front, the rate of input cost inflation softened despite reports of material shortages leading to higher supplier charges. Meanwhile, firms increased their own output prices at a marginal pace. Looking ahead, sentiment weakened from September's nine-month high.
2020-11-02
Malaysia Manufacturing Activity Shrinks for 2nd Month
The IHS Markit Malaysia Manufacturing PMI dropped to 49.0 in September 2020 from 49.3 in a month earlier, pointing to the second straight month of contraction in the sector amid the coronavirus crisis. The production trend deteriorated after having been unchanged in August, while new orders continued to moderate. At the same time, employment declined for the sixth month running, albeit at a slower pace than the series record posted in August. On the price front, input costs and selling prices increased for the fourth successive month. Lastly, business sentiment jumped to a nine-month high, with firms predicting improvements in new orders as market conditions gradually return to normal.
2020-10-01
Malaysia Manufacturing Shrinks for First Time in 3 Months
The IHS Markit Malaysia Manufacturing PMI fell to 49.3 in August 2020 from 50.0 in a month earlier. This was the first contraction in the sector since May, amid public health measures aimed at curbing the spread of the ongoing coronavirus pandemic. Customer demand remained relatively weak, notably in foreign markets. Also, employment was scaled back to the greatest degree in the survey history, while backlogs of work were reduced solidly. Meantime, there was a renewed fall in purchasing activity. Output was stable following a joint-record expansion in June and further growth in July. The suppliers' delivery times lengthened for the ninth successive month but the least since January, amid material shortages, in particular for imported goods. Prices data showed input cost inflation slowed to a three-month low, while output prices rose at a slower rate, amid fragile demand and strong competition. Lastly, sentiment dipped to below the series average.
2020-09-01

Malaysia Manufacturing PMI
The IHS Markit Malaysia Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 450 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.