Malaysia Manufacturing PMI

Last Release

Jun 30, 2024

Actual

49.9

Units In

Points

50.2

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	48.51 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 dropped to 49.9 in June 2024 from 50.2 in May, which was the first growth in factory activity since August 2022. New orders increased for the second straight month but its growth rate softened. Meanwhile, foreign sales rose for the third month, amid higher orders from Asia Pacific destinations. Simultaneously, firms scaled back production slightly following a rise in May and left staffing levels unchanged. Backlogs of work decreased for 25 months in a row despite the pace of depletion being the softest since February. Purchasing activity, stocks of inputs, and post-production inventories were all lower, as firms had little appetite to hold extra items in stock. On prices, input cost increased further, with the rate of inflation being solid and unchanged from May. Selling prices quickened and were the fastest since September 2022. Lastly, confidence dropped for the fifth month running, hitting its lowest level since August 2023.