Malaysia Manufacturing PMI

Last Release

Jul 31, 2024

Actual

49.7

Units In

Points

49.9

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	48.52 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 at 49.5 in October 2024, unchanged from the prior month. The latest result was the fifth straight month of contraction in factory activity while remaining at its steepest pace since April. Output fell for the fifth month, with the rate of moderation being the most in 7 months. Also, buying activity shrank at the steepest pace in a year due to difficulty in sourcing inputs for output. Employment was broadly unchanged, while backlogs of work slowed for the third month. Delivery times lengthened for the sixth time. On a positive note, new orders grew for the first time since June, although demand was subdued overall. Foreign sales rose for the 7th month, helped by higher orders from the Asia-Pacific region. On inflation, input cost rose the least in 3 months despite higher raw material costs and an unfavorable exchange rate. Meanwhile, output price inflation hit its lowest since May. Lastly, sentiment stayed positive but eased from September.