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. source: S&P Global

Manufacturing PMI in Malaysia decreased to 49.30 points in February from 50.20 points in January of 2026. Manufacturing PMI in Malaysia averaged 48.65 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 decreased to 49.30 points in February from 50.20 points in January of 2026. 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. 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 6.20 0.08 points Dec 2025
Car Production 60866.00 67177.00 Units Jan 2026
Car Registrations 141075.00 162090.00 Units Jan 2026
Cement Production 2942.00 2855.00 Thousands of Tonnes Dec 2025
Changes in Inventories 9535.00 -1834.00 MYR Million Dec 2025
Coincident Index MoM 129.30 129.30 points Dec 2025
Corruption Index 52.00 50.00 Points Dec 2025
Corruption Rank 54.00 57.00 Dec 2025
Industrial Production YoY 4.80 4.30 percent Dec 2025
Industrial Production Mom 1.00 -1.30 percent Dec 2025
Leading Index MoM 0.50 -2.20 percent Dec 2025
Manufacturing Production 6.70 4.90 percent Dec 2025
Mining Production -2.50 2.30 percent Dec 2025


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 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
Malaysia Manufacturing PMI Stays at 18-Month High
Malaysia’s S&P Global Manufacturing PMI held at 50.1 in December 2025, unchanged from November but still at its highest level since May 2024. The latest reading signaled a second straight month of factory activity growth after earlier periods of decline. Employment rose for a second month, marking the third-fastest gain since records began in 2012 and the strongest in over seven years. Output edged toward stabilization, while new orders slowed slightly. Export orders eased for a fourth month, with the pace of decline marginally stronger than in November. Buying activity stagnated for the first time since June. Delivery times lengthened again due to adverse weather and congestion, though delays stayed limited. Finished goods inventories fell the most in eight months as firms drew on stock to meet sales. On prices, input costs and output charges rose marginally, with inflation at multi-month lows. Lastly, sentiment stayed positive, but optimism eased from November’s 12-year top.
2026-01-02