The S&P Global Malaysia Manufacturing PMI declined to 47.9 in November of 2022 from 48.7 in the previous month. The latest reading pointed to a more marked slowdown in business conditions which was the steepest since August 2021, amid the strongest moderation in order book volumes since August 2021 while output moderated for the fourth straight month. As a result, firms lowered input buying and moderated inventory levels, but employment stabilized. Suppliers’ delivery times lengthened in November but at a rate that was only slight and the softest in three years. On the price front, input cost inflation eased to the second-lowest since November 2020, while output cost accelerated slightly. Lastly, sentiment deteriorated to a five-month low amid some concerns over the longer-term effect of the current economic climate. source: Markit Economics
Manufacturing PMI in Malaysia averaged 48.56 points from 2015 until 2022, 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 December of 2022.
Manufacturing PMI in Malaysia is expected to be 48.70 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 51.00 points in 2023, according to our econometric models.