Malaysia Manufacturing PMI Unchanged In August - S&P Global
(RTTNews) - The manufacturing sector in Malaysia continued to contract in August, and at a steady pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 47.8.
That's unchanged from the July reading and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Manufacturers often noted that demand in the sector remained muted during August, with reports of weak customer confidence. As a result, total new business moderated for a twelfth consecutive month, although to a lesser extent than that seen in July.
Demand conditions in international markets also eased, with new export orders falling for the fourth month in a row at a solid, albeit softer rate. With customer demand remaining subdued, manufacturers scaled back production, the thirteenth month running that this has been the case.
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