Malaysia Manufacturing PMI

Last Release

Apr 30, 2024

Actual

Units In

Points

48.4

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
53.9 Apr 2021	31.3 Apr 2020	48.48 Points	2015-2024	Markit Economics

The IHS Markit 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.

Latest Updates

The S&P Global Malaysia Manufacturing PMI was up to 49.0 in April 2024 from March’s three-month low of 48.4. It was the 20th straight month of contraction in factory activity, as demand remained muted. There were moderations softer in output and new orders, with foreign sales improving for the first time in a year and at the fastest pace since April 2021. Employment was stable following three consecutive monthly falls. On the other hand, purchasing activity fell softer while delivery times shortened marginally. On the price front, input price inflation was little changed during the month amid higher raw material prices due to exchange rate weakness. As a result, output price inflation accelerated for the eighth time in nine months, though the rate of charge inflation was only marginal after being flat in the previous month. Finally, business sentiment deteriorated to an eight-month low amid a muted demand environment.