The IHS Markit Malaysia Manufacturing PMI declined to 47.7 in February of 2021 from 48.9 in January. This was the seventh straight month of contraction in the sector and the steepest contraction since May last year as both output and new orders scaled back again, amid the stricter restrictions to contain the spread of the coronavirus. Meanwhile, new export sales dropped at a softer pace than total new orders. At the same time, employment declined at a softer pace, as manufacturers noted a renewed slowdown in the level of backlogs in February following a stabilisation in January. Input costs increased for the ninth consecutive month, due to shortages of raw materials. As a result, output charges accelerated modestly. Looking ahead, sentiment strengthened to the highest for five months, amid hopes that end of the pandemic. source: Markit Economics
Manufacturing PMI in Malaysia averaged 48.36 points from 2015 until 2021, reaching an all time high of 52 points in November of 2017 and a record low of 31.30 points in April of 2020. This page provides - Malaysia Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Manufacturing PMI in Malaysia is expected to be 49.70 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 51.00 in 12 months time. In the long-term, the Malaysia Manufacturing PMI is projected to trend around 51.00 points in 2022, according to our econometric models.