Malaysia Manufacturing Sector Bounces To Expansion - S&P Global

RTTNews | 402 days ago
Stocktwits
Malaysia Manufacturing Sector Bounces To Expansion - S&P Global

(RTTNews) - The manufacturing sector in Malaysia swung back up into expansion territory in May, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 50.2.

That's up from 49.0 in April and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Production levels returned to expansion for the first time since July 2022, albeit only marginally. This was underpinned by renewed growth in new orders, marking an end to 20 successive months of subdued demand conditions.

Better underlying demand was behind the rise in new work, according to survey panelists. Export orders rose as well, and at the most pronounced pace in just over three years, with manufacturers reporting higher inflows of new work from the US, Europe, Middle East and other parts of the Asia-Pacific region.

Tags: MYR
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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 | 1 day 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 | 56 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 | 147 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 | 170 days ago
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