The S&P Global Malaysia Manufacturing PMI stood at 48.8 in April 2023, unchanged from the previous period. Still, it indicated the 8th straight contraction but the softest fall since last September. Demand remained generally subdued, pressuring firms to limit production and scale back their purchasing activity. New orders moderated for the eighth consecutive month, but new export orders increased. Employment rose for the fourth time to a seven-month high. Delivery times were shortened for the fourth month and to the greatest extent in the past decade. On the pricing front, cost burdens grew the least in the current 34-month sequence of input price inflation. Meanwhile, selling prices ticked lower, ending three months of inflation. Lastly, confidence eased to a four-month bottom amid the subdued demand environment. source: Markit Economics

Manufacturing PMI in Malaysia averaged 48.53 points from 2015 until 2023, reaching an all time high of 53.90 points in April of 2021 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 May of 2023.

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. In the long-term, the Malaysia Manufacturing PMI is projected to trend around 49.00 points in 2024, according to our econometric models.

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Malaysia Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 48.80 48.80 points Apr 2023

Malaysia Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
48.80 48.80 53.90 31.30 2015 - 2023 points Monthly

News Stream
Malaysia Manufacturing Shrinks the Least in 6 Months
The S&P Global Malaysia Manufacturing PMI stood at 48.8 in April 2023, unchanged from the previous period. Still, it indicated the 8th straight contraction but the softest fall since last September. Demand remained generally subdued, pressuring firms to limit production and scale back their purchasing activity. New orders moderated for the eighth consecutive month, but new export orders increased. Employment rose for the fourth time to a seven-month high. Delivery times were shortened for the fourth month and to the greatest extent in the past decade. On the pricing front, cost burdens grew the least in the current 34-month sequence of input price inflation. Meanwhile, selling prices ticked lower, ending three months of inflation. Lastly, confidence eased to a four-month bottom amid the subdued demand environment.
2023-05-02
Malaysia Manufacturing Shrinks the Least in 6 Months
The S&P Global Malaysia Manufacturing PMI was up to 48.8 in March 2023 from 48.4 in February. The latest reading was the 7th straight month of contraction in the manufacturing sector but the softest fall since last September. New orders dropped the least in 5 months, employment rose for the second month while output levels remained muted. Meantime, foreign sales fell at the softest rate since July 2022; with firms scaling back input buying at a sharper, albeit still modest rate. As such, for the eighth month, pre-production inventory levels eased. Delivery times were shortened for the third month, amid improved supply chains as port congestion eased and employment at suppliers was higher. On prices, cost burdens rose at the softest in the current 34-month sequence of input price inflation. Meanwhile, prices charged were broadly unchanged, due to efforts to stimulate demand. Lastly, confidence eased to a three-month low but it remained strong overall and above the series average.
2023-04-03
Malaysia Manufacturing Shrinks the Least in 4 Months
The S&P Global Malaysia Manufacturing PMI increased to 48.4 in February 2023 from 46.5 in the previous month, declining for the seventh straight month but registering the softest contraction since last October, as output and new orders signalled a much-improved, with both moderating to a much lesser extent than in January. However, new export orders continued to slow amid fragile international demand. Purchasing activity near stabilised, a marked turnaround from the decline posted in January. Meanwhile, employment was unchanged, with backlogs of work depleting to largest degree in over five-and-a-half- years. On the pricing front, input cost inflation ticked up to a three-month high, due to higher raw material costs, while output cost inflation rose marginally. Looking ahead, business sentiment held broadly steady, amid hopes that new orders would rise as market conditions improve.
2023-03-01