Malaysia's manufacturing PMI sees largest fall in 3 months
by ChemOrbis Editorial Team - content@chemorbis.com
According to the data released by Markit Economics, Malaysia’s manufacturing PMI registered its sharpest fall in three months in October.
Accordingly, Malaysia’s PMI dropped to 48.6 from 49.9 registered in the previous month amid low new business volume.
The country’s manufacturing sector decreased its payroll numbers due to weak business conditions while new export orders declined for the second successive month in October on the back of lower domestic and overseas demand for Malaysian products.
Although the manufacturers recorded an increase in their output during the month, the numbers defied the anticipated improvement in demand and the producers’ expectations for a more positive outlook.
Accordingly, Malaysia’s PMI dropped to 48.6 from 49.9 registered in the previous month amid low new business volume.
The country’s manufacturing sector decreased its payroll numbers due to weak business conditions while new export orders declined for the second successive month in October on the back of lower domestic and overseas demand for Malaysian products.
Although the manufacturers recorded an increase in their output during the month, the numbers defied the anticipated improvement in demand and the producers’ expectations for a more positive outlook.
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