The IHS Markit Malaysia Manufacturing PMI slumped to 31.3 in April 2020 from 48.4 in March. This was the fourth straight month of contraction in the sector and the steepest on record, as the negative economic impact from the COVID-19 outbreak intensified. Lockdown measures both domestically and overseas had a considerable impact on demand, which fell at a survey-record pace; while output fell at an unprecedented rate. Also, buying levels shrank the most on record, with employment declining modestly, amid the movement control order. Prices data showed a deflationary trend. Prices paid for raw materials and other inputs fell when compared to March. This gave firms more room to reduce output charges, which fell at the quickest rate since January 2015. Finally, confidence edged up into positive territory as companies anticipate an economic recovery over the course of the coming year.

Manufacturing Pmi in Malaysia is expected to be 43.00 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 49.70 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
31.30 48.40 52.00 31.30 2015 - 2020 points Monthly


News Stream
Malaysia Manufacturing PMI Lowest on Record
The IHS Markit Malaysia Manufacturing PMI slumped to 31.3 in April 2020 from 48.4 in March. This was the fourth straight month of contraction in the sector and the steepest on record, as the negative economic impact from the COVID-19 outbreak intensified. Lockdown measures both domestically and overseas had a considerable impact on demand, which fell at a survey-record pace; while output fell at an unprecedented rate. Also, buying levels shrank the most on record, with employment declining modestly, amid the movement control order. Prices data showed a deflationary trend. Prices paid for raw materials and other inputs fell when compared to March. This gave firms more room to reduce output charges, which fell at the quickest rate since January 2015. Finally, confidence edged up into positive territory as companies anticipate an economic recovery over the course of the coming year.
2020-05-04
Malaysia Manufacturing PMI Lowest in 6 Months
The IHS Markit Malaysia Manufacturing PMI edged down to 48.4 in March 2020 from 48.5 in February. This was the third straight month on contraction in the sector and the steepest since September last year, as the negative economic impact from the COVID-19 outbreak intensified. Output shrank the most since June 2016, new orders sank at the sharpest rate on record and export sales continued to fall. Also, buying activity fell sharply and at a survey-record pace and manufacturers reducing their inventories of finished goods. Supplier delivery times lengthened the most on record, amid reports that delayed shipments from China were compounded by problems acquiring inputs via air freight, leading to shortages in a number of key raw materials and components. Prices data showed input cost inflation slowed to a three-month low, while output charges fell for the third month in a row. Lastly, sentiment hit its lowest since January 2016.
2020-04-01
Malaysia Manufacturing PMI Lowest in 5 Months
The IHS Markit Malaysia Manufacturing PMI was down to 48.5 in February 2020 from 48.8 in the prior month. This was the steepest contraction in factory activity since September last year, as COVID-19 cases in China hit domestic demand and led to severe supply chain disruption. Output contracted the least in eight months, new orders dropped at the steepest rate since last September and new export orders shrank the most since November 2012, with demand from China falling due to the outbreak. Firms reported a reduction in both buying levels and inventories. Employment was also reduced as some firms opted to not renew contracts for some employees given the possibility of production being constrained by an uncertain supply of inputs. On the price front, input price inflation accelerated slightly, while selling prices fell fractionally, amid efforts to stimulate demand and boost competitiveness. Finally, confidence slid to a 20-month low.
2020-03-02
Malaysia Factory Activity Contracts in January
The IHS Markit Malaysia Manufacturing PMI was down to 48.8 in January 2020 from 50.0 in the prior month. Output fell slightly and new orders dropped the most since September amid a decline in exports due to the ongoing tough global trading environment at the start of the year. In addition, there was a small decline in staffing numbers, with companies reporting voluntary leavers and already-sufficient employee counts. On the price front, input cost inflation hit a five-month high, while output charges declined fractionally. Looking ahead, business sentiment remained upbeat amid forecasts of stronger demand, supportive state policies and planned expansion into foreign markets following 'phase one' of the US-China trade deal.
2020-02-03

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.