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Malaysia’s manufacturing PMI hits 5- month low in April

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/05/2016 (15:24)
According to a survey by Nikkei and Markit Economics, a Purchasing Managers’ Index (PMI) for Malaysia posted the steepest fall since November 2015 on the back of lower new orders and production. The country’s manufacturing PMI fell to a reading of 47.1 in April from March’s 48.4, indicating the sharpest rate of deterioration in Malaysian manufacturing operations in the past 5 months. Any reading above 50 indicates an expansion while any figure below 50 represents a contraction.

The decrease was attributed to a steep decline in new orders, which led the way to a sharper decline in production. Goods producers also cut back on input buying and at the fastest rate since the survey began in July 2012.
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