The IHS Markit Malaysia Manufacturing PMI plunged to 39.9 in June 2021 from 51.3 in May. This was the lowest reading since April 2020, as the recent rise in local COVID-19 cases led to the reintroduction of stricter curbs. Both output and new orders moderated the most since the pandemic emerged in April 2020; while foreign demand was subdued. Buying level dropped at a steeper rate in over a year as manufacturers utilized existing stocks of pre-and post-production inventories. Employment fell slightly as firms try to reduce outstanding business, with the resulting rate of backlog depletion was the fastest since February. Meantime, input cost rose for the 13th month running, with the pace of inflation remaining sharp. Selling prices also went up for the 13th month in a row, though the latest reading was the softest since February. Lastly, sentiment turned negative for the first time since March 2020, with the figure hitting a record low. source: Markit Economics
Manufacturing PMI in Malaysia averaged 48.39 points from 2015 until 2021, 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. Malaysia Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Manufacturing PMI in Malaysia is expected to be 51.00 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 52.00 in 12 months time. In the long-term, the Malaysia Manufacturing PMI is projected to trend around 51.00 points in 2022, according to our econometric models.