Malaysia Manufacturing Sector Weakens In February – Markit
The manufacturing sector in Malaysia continued to contract in February, and at a faster pace, the latest survey from Markit Economics showed on Monday with a manufacturing PMI score of 47.7.
That’s down from 48.9 in January and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output and new orders were scaled back again as international restrictions dampened export demand – although business optimism gathered some momentum.
Ongoing supply chain disruptions often meant that businesses reported difficulties in sourcing inputs for production, reflected in a fall in purchasing activity.