Malaysia Manufacturing PMI Rises To 48.4 In February - S&P Global

RTTNews | 861 days ago
Malaysia Manufacturing PMI Rises To 48.4 In February - S&P Global

(RTTNews) - The manufacturing sector in Malaysia continued to contract in February, albeit at a slightly slower rate, the latest survey from S&P Global revealed on Wednesday with a PMI score of 48.4.

That's up from 46.5 in January, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

The relative improvement in the data from the January survey suggests that official numbers for GDP and manufacturing production will continue to show year-on-year expansions, following slowdowns in the rates of growth shown by recent official data releases.

Signs of improvement in sector performance were evident with regards to both output and new orders in February, which both moderated to a much lesser extent than in January.

read more
Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia's central bank lowered its key interest rate for the first time in five years on Wednesday to underpin economic growth amid the ongoing trade tariff uncertainty. The Monetary Policy Committee of Bank Negara Malaysia decided to reduce the Overnight Policy Rate by 25 basis points to 2.75 percent. The ceiling and floor rates of the corridor of the OPR were correspondingly reduced.
RTTNews | 3h 36min ago
Malaysia GDP Growth Softens As Estimated

Malaysia GDP Growth Softens As Estimated

Malaysia's economic growth slowed to the weakest in a year in the first quarter, as estimated, and the economy is projected to log weaker growth this year than the official estimate due to trade tensions. Gross domestic product advanced 4.4 percent on a yearly basis in the first quarter, slower than the revised 4.9 percent growth posted in the fourth quarter, data from the Bank Negara Malaysia re
RTTNews | 54 days ago
Malaysia GDP Expands More Than Estimated

Malaysia GDP Expands More Than Estimated

Malaysia's economy expanded more than previously estimated in the fourth quarter on household spending and investment, official data showed on Friday. Gross domestic product expanded 5.0 percent year-on-year in the fourth quarter. This was revised up from the prior estimate of 4.8 percent and follows 5.4 percent growth registered in the third quarter.
RTTNews | 145 days ago
Malaysia Central Bank Holds Key Interest Rate Steady At 3%

Malaysia Central Bank Holds Key Interest Rate Steady At 3%

Malaysia's central bank left its benchmark interest rate unchanged on Wednesday as policymakers expect the economy to sustain growth and inflation to remain manageable. The Monetary Policy Committee of Bank Negara Malaysia, led by Governor Abdul Rasheed Ghaffour decided to maintain the Overnight Policy Rate at 3 percent, as widely expected.
RTTNews | 168 days ago