Malaysia Manufacturing PMI - 4 December 2023

Manufacturing activity edged up in November, but weak demand persist

Manufacturing Purchasing Managers’ Index (PMI) inched up in November (47.9; Oct: 46.8), as the slowdown softened

  • While the index continues to signal contraction by remaining below the neutral threshold of 50.0, it has risen to a seven-month high, indicating a potential upturn in manufacturing activity in the near future. Overall, the ongoing slowdown is due to weak demand from domestic and international market.

Production moderated amid subdued demand conditions

  • New orders and exports continue to ease due to a persistently weak demand environment. However, the pace of slowdown has eased since August.
  • Backlogs of work have continued to decrease, although the rate of depletion is weaker than in October.