S&P Global: Malaysian manufacturing sector remains subdued in Q3 ’24

The Malaysian manufacturing sector faced subdued conditions at the end of the third quarter of 2024. New order growth was stable, but production levels decreased due to reduced purchasing activity and stock holdings.

The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 in September 2024 from 49.7 in August, indicating a continued, albeit marginal, softening in the health of the manufacturing sector.

On a positive note, employment levels saw a slight improvement for the first time in four months. Additionally, inflationary pressures eased during the month, falling below their respective series averages.

Attribution: S&P Global report

Subediting: M. S. Salama