S&P Global: Malaysia’s manufacturing sector sees small decline, PMI dips in Nov

Malaysia’s manufacturing sector saw a slight decline in November 2024, with the S&P Global Malaysia Manufacturing PMI dropping from 49.5 to 49.2, indicating a small deterioration in operating conditions.

New orders decreased for the fourth time in five months due to weak demand, with the most significant decline since April. In contrast, international markets experienced an increase in new orders for the eighth consecutive month in November, driven by demand in the Asia-Pacific region.

“Malaysian manufacturers remained under pressure in November, as the latest PMI data signalled that the sector saw a slightly steeper moderation in operating conditions. New orders, output and employment all softened, with incoming new business easing to the largest degree for seven months.” said Usamah Bhatti, Economist at S&P Global Market Intelligence.

Attribution: S&P Global report

Subediting: Y.Yasser