Malaysia’s S&P Global Manufacturing PMI rose to 50.7 in March 2026 from 49.3 in February, marking the highest level since April 2022. Output rose at the fastest pace since December 2021, supported by improved demand conditions and new tender wins. Employment increased as well, ending two months of job cuts, while firms reduced backlogs, reversing February’s slight accumulation. However, new orders moderated for the second straight month, and international demand softened for the first time in three months, prompting firms to cut purchasing activity for the first time in nine months. Input cost inflation increased to its highest level since October 2024, driven by higher transport, energy, and material costs amid the Middle East conflict, while output price inflation hit a 45-month high and was stronger than the historical average. Lastly, business sentiment for the year-ahead outlook weakened further to a seven-month low. source: S&P Global

Manufacturing PMI in Malaysia increased to 50.70 points in March from 49.30 points in February of 2026. Manufacturing PMI in Malaysia averaged 48.66 points from 2015 until 2026, reaching an all time high of 53.90 points in April of 2021 and a record low of 31.30 points in April of 2020. This page provides - Malaysia Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Manufacturing PMI in Malaysia increased to 50.70 points in March from 49.30 points in February of 2026. Manufacturing PMI in Malaysia is expected to be 50.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Manufacturing PMI is projected to trend around 50.60 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 4.00 6.20 points Mar 2026
Car Production 49741.00 60866.00 Units Feb 2026
Car Registrations 131863.00 116154.00 Units Mar 2026
Cement Production 2874.00 2938.00 Thousands of Tonnes Feb 2026
Changes in Inventories 9535.00 -1834.00 MYR Million Dec 2025
Coincident Index MoM 131.30 130.10 points Jan 2026
Corruption Index 52.00 50.00 Points Dec 2025
Corruption Rank 54.00 57.00 Dec 2025
Industrial Production YoY 3.10 5.90 percent Feb 2026
Industrial Production Mom -2.90 0.90 percent Feb 2026
Leading Index MoM -0.60 0.40 percent Jan 2026
Manufacturing Production 4.20 7.30 percent Feb 2026
Mining Production -2.00 0.10 percent Feb 2026


Malaysia Manufacturing PMI
The S&P Global Malaysia Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 450 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Malaysia Manufacturing Activity Returns to Growth
Malaysia’s S&P Global Manufacturing PMI rose to 50.7 in March 2026 from 49.3 in February, marking the highest level since April 2022. Output rose at the fastest pace since December 2021, supported by improved demand conditions and new tender wins. Employment increased as well, ending two months of job cuts, while firms reduced backlogs, reversing February’s slight accumulation. However, new orders moderated for the second straight month, and international demand softened for the first time in three months, prompting firms to cut purchasing activity for the first time in nine months. Input cost inflation increased to its highest level since October 2024, driven by higher transport, energy, and material costs amid the Middle East conflict, while output price inflation hit a 45-month high and was stronger than the historical average. Lastly, business sentiment for the year-ahead outlook weakened further to a seven-month low.
2026-04-01
Malaysia Manufacturing Activity Contracts
Malaysia’s S&P Global Manufacturing PMI fell to 49.3 in February 2026 from a 20-month high of 50.2 in January. This signalled a moderation in the sector’s health for the first time in four months, amid renewed slowdowns in new orders and output. This led to a sharp drop in employment, the joint-strongest in the series history, matching the pace seen in August 2020. Purchasing activity softened, while firms continued to report longer delivery times, the most marked in 15 months. Stocks of purchases and finished goods were also reduced, extending current declines to eight and three months, respectively. After four consecutive months of decline, backlogs of work recorded a fresh increase. Regarding prices, input costs rose modestly following January’s first decrease in 68 months, while output prices fell for the first time in four months. Still, manufacturers remained optimistic about production in the year ahead, hoping that improved demand conditions will feed through to output growth.
2026-03-02
Malaysia Manufacturing PMI Rises to 20-Month High
Malaysia’s S&P Global Manufacturing PMI edged up to 50.2 in January 2026 from 50.1 in December. This marked the third month of growth and the highest level since May 2024, supported by a renewed rise in output and stabilising demand conditions. New export orders increased for the first time in five months and at the fastest pace since July 2024. Manufacturers raised their purchasing activity modestly, which partly helped to soften the decline in pre-production inventories. After December’s job creation, which ranked among the fastest on record, firms reduced staffing levels in January but remained on top of workloads, as backlogs dropped for a fourth month. Input costs fell the first time since May 2020, linked to the appreciation of the Malaysian ringgit. Output price inflation rose but remained modest and below the series average. Lastly, sentiment regarding output prospects rebounded notably and was the second-highest since October 2013, only behind that seen in November 2025.
2026-02-02