The IHS Markit Malaysia Manufacturing PMI increased to 50 in December 2019 from 49.5 in the previous month. The latest reading pointed to the first of expansion in the sector since September last year, as output expanded at the fastest pace since September 2018, amid stronger demand pressures. Also, new orders continued to rise to highest in over a year. Meantime, employment levels were left broadly stable. On the price front, input prices went up at a faster pace amid higher commodity prices and currency weakness; and output cost increased for first time in three months. Finally, sentiment were positively among the strongest seen in six years. source: Markit Economics
Manufacturing Pmi in Malaysia is expected to be 49.80 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 50.40 in 12 months time. In the long-term, the Malaysia Manufacturing Pmi is projected to trend around 49.40 in 2020, according to our econometric models.