Malaysia Manufacturing PMI - 2 July 2024

Reverted to below threshold level in June amid muted demand

The Manufacturing Purchasing Managers’ Index (PMI) shrank marginally to 49.9 in June (May: 50.2) influenced by subdued demand.

  • PMI shown a reversal from the previous month, dipping below threshold level, mainly due to moderating demand, coupled with stagnant staffing levels albeit expansion in new orders.

Production declined marginally, following June’s uptick.

  • New orders expanded for two consecutive months albeit at the softer rate, backed by the improvement in exports.
  • The purchase of inventories remained muted in June, influenced by the manufacturers’ preference to obtain less additional items in stock, given it has already reached mid-year.