The IHS Markit Malaysia Manufacturing PMI fell to 50.0 in July 2020 from 51.0 in June but still well above the readings seen during the worst of the Covid-19 downturn and above the survey's long-run average of 49.0. Manufacturing output rose for the second month running, while new orders were unchanged and employment was scaled back for the fourth straight month. Purchasing activity also ticked up, ending a 21-month sequence of decline amid recent signs of improvement in demand. In terms of prices, input cost inflation was the sharpest since October 2018 due to supply shortages for raw materials. Accordingly, selling prices were also raised the most in 20 months. Looking forward, sentiment was down slightly from that seen in June.

Manufacturing Pmi in Malaysia is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Malaysia to stand at 50.00 in 12 months time. In the long-term, the Malaysia Manufacturing Pmi is projected to trend around 49.40 points in 2021 and 48.90 points in 2022, according to our econometric models.

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Malaysia Manufacturing Pmi

Actual Previous Highest Lowest Dates Unit Frequency
50.00 51.00 52.00 31.30 2015 - 2020 points Monthly


News Stream
Malaysia Manufacturing PMI Edges Down in July
The IHS Markit Malaysia Manufacturing PMI fell to 50.0 in July 2020 from 51.0 in June but still well above the readings seen during the worst of the Covid-19 downturn and above the survey's long-run average of 49.0. Manufacturing output rose for the second month running, while new orders were unchanged and employment was scaled back for the fourth straight month. Purchasing activity also ticked up, ending a 21-month sequence of decline amid recent signs of improvement in demand. In terms of prices, input cost inflation was the sharpest since October 2018 due to supply shortages for raw materials. Accordingly, selling prices were also raised the most in 20 months. Looking forward, sentiment was down slightly from that seen in June.
2020-08-03
Malaysia Factory Activity Returns to Growth
The IHS Markit Malaysia Manufacturing PMI surged to 51.0 in June 2020 from 45.6 a month earlier. This was the first increase in the sector since December last year, as lockdown measures aimed at stemming the spread of COVID-19 infections were partially lifted. Output grew at the joint-fastest rate in the survey history as an increasing number of businesses across the country restarted their operations. Demand conditions began to stabilize, with the new orders index rising to a six-month high. Although export sales fell considerably less since April, global demand remained subdued. Staffing levels were held nearly stable as some companies moved in retrenchment mode as businesses adjust to new output schedules. Prices data showed input costs rose amid stock shortages, higher transport fees, and unfavorable exchange rate movements. Output prices were subsequently increased for the first time this year. Looking ahead, confidence strengthened to a four-month high.
2020-07-01
Malaysia Factory Activity Contracts for 5th Month
The IHS Markit Malaysia Manufacturing PMI rose to 45.6 in May 2020 from a record low of 31.3 in a month earlier. The latest reading pointed to the fifth straight month of contraction in the sector but softer than in April, amid reports that some firms had restarted production following a partial lifting of lockdown rules. Output, new orders and employment all fell less. Weaker export demand also weighed heavily in total orders, linked to unfavourable economic conditions at key trade partners. Meanwhile, buying levels declined sharply as a result of delayed shipments and lower production requirements. Input delivery times lengthened markedly and to an extent which was similar to April's record, due to labor shortages at vendors, transportation restrictions and the extension of the movement control orders. Finally, sentiment hit a three-month high, amid expectations of a recovery in demand.
2020-06-01
Malaysia Manufacturing PMI Lowest on Record
The IHS Markit Malaysia Manufacturing PMI slumped to 31.3 in April 2020 from 48.4 in March. This was the fourth straight month of contraction in the sector and the steepest on record, as the negative economic impact from the COVID-19 outbreak intensified. Lockdown measures both domestically and overseas had a considerable impact on demand, which fell at a survey-record pace; while output fell at an unprecedented rate. Also, buying levels shrank the most on record, with employment declining modestly, amid the movement control order. Prices data showed a deflationary trend. Prices paid for raw materials and other inputs fell when compared to March. This gave firms more room to reduce output charges, which fell at the quickest rate since January 2015. Finally, confidence edged up into positive territory as companies anticipate an economic recovery over the course of the coming year.
2020-05-04

Malaysia Manufacturing Pmi
The IHS Markit 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.