The S&P Global Malaysia Manufacturing PMI dropped to 50.1 in May 2022 from 51.6 in the prior month, signalling a stagnation in manufacturing operating conditions, as new order growth eased sharply, while output volumes were scaled back for fifth consecutive month, amid raw material shortages and rising prices. At the same time, input purchasing fell, amid supply chain disruption, as shortages of freight capacity and raw materials were exacerbated by renewed lockdown restrictions in China. Employment dropped at the fastest pace since August 2020, as business continued to report difficulty in sourcing foreign workers, with backlogs of work rising at the fastest pace in six months. On prices, input prices rose, due to increases in prices of raw material while output charges rose, as firms continued to partially pass higher cost burdens on to clients. Lastly, sentiment improved from April's eight-month low, amid hopes that end of the pandemic would encourage a full easing of restrictions. source: Markit Economics
Manufacturing PMI in Malaysia averaged 48.49 points from 2015 until 2022, 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 June of 2022.
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 51.00 points in 2023, according to our econometric models.