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.

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Malaysia Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 47.90 48.70 points Nov 2022

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
47.90 48.70 53.90 31.30 2015 - 2022 points Monthly

News Stream
Malaysia Manufacturing Shrinks the Most in 15 Months
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.
2022-12-01
Malaysia Manufacturing Sector Shrinks for 2nd Month
The S&P Global Malaysia Manufacturing PMI declined to 48.7 in October of 2022 from 49.1 in the previous month. This was the second straight month of contraction in the manufacturing sector, which was reportedly stemmed from sluggish global market conditions and muted customer demand. At the same time, new orders softened for the second month, while demand from overseas moderated at the strongest pace in 16 months. Meanwhile, spare capacity within the sector persisted, with backlogs of work depleted for the fifth consecutive month. Also, a decrease was seen in employment, following a growth in the prior month. On prices, though it continued to increase, inflationary pressures faced by manufacturing firms softened as signaled by the rates of input cost and output price inflation dipping to 23- and 24-month lows, respectively. Lastly, sentiment remained positive which was suggested to stemmed from hopes for global market recovery and successful product launches.
2022-11-01
Malaysia Factory Activity Shrinks for 1st Time in 6 Months
The S&P Global Malaysia Manufacturing PMI declined to 49.1 in September 2022 from 50.3 in the prior month. It was the first contraction in the manufacturing sector since March. The latest reading also was the lowest for a year, as demand showed signs of waning and firms scaled back their production and purchasing activity accordingly. At the same time, new orders moderated, new export orders slowed amid weakness in international demand conditions. Purchasing activity moderated for the first time in four months as firms responded to a lack of customer demand. Meanwhile, employment rose for the first time in ten months, with the rate of job creation was the fastest since April 2019. On prices, input price inflation eased to the softest for a year, while output prices continued to rise at solid pace as firms passed on higher input costs to their customers. Lastly, sentiment weakened to a three-month low, amid concerns over the potential for a more prolonged slowdown in demand.
2022-10-03