Losses Accelerate For Malaysia Manufacturing PMI - S&P Global

RTTNews | 700天前
Losses Accelerate For Malaysia Manufacturing PMI - S&P Global

(RTTNews) - The manufacturing sector in Malaysia continued to contract in September, and at a faster rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 46.8.

That's down from 47.8 in August, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

The figures for the third quarter suggest that year-on-year GDP growth eased further from that seen in the second quarter. The data are also consistent with official manufacturing production remaining broadly stable on an annual basis.

Manufacturing new orders moderated for the thirteenth month running in September, with the latest slowdown the sharpest in eight months amid widespread reports of demand weakness. The subdued demand environment was not limited to the domestic market, as new export orders softened to the greatest extent since May 2020.

read more
Malaysia GDP Growth Improves In Q2

Malaysia GDP Growth Improves In Q2

Malaysia's economic growth improved in the second quarter driven by strong domestic demand amid global trade distortions, advance estimates from the Department of Statistics showed on Friday. Gross domestic product expanded 4.5 percent year-on-year in the second quarter, slightly faster than the 4.4 percent growth seen in the first quarter.
RTTNews | 45天前
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 | 53天前
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 | 108天前
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 | 199天前