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Malaysia’s manufacturing PMI falls to record low in November

by ChemOrbis Editorial Team -
  • 02/12/2015 (13:29)
According to a survey by Nikkei and Markit Economics, a Purchasing Managers’ Index (PMI) for Malaysia dropped to the lowest level seen in more than three years in November. The country’s manufacturing PMI fell to a reading of 47 in November from October’s 48.1, indicating the sharpest rate of deterioration in Malaysian manufacturers’ operating conditions since July 2012, when the survey began. Any reading above 50 indicates an expansion while any figure below 50 represents a contraction.

The decrease was attributed to slowdowns in production and new orders as well as weaker employment and stocks of inputs. Weak domestic demand and poor market conditions were cited as the main reasons behind lower new orders, though new export orders increased.
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