Malaysia PMI August 2022

Malaysia

Malaysia: Manufacturing PMI slides in August

September 1, 2022

The Manufacturing Purchasing Managers’ Index (PMI), produced by S&P Global, ticked down to 50.3 in August from 50.6 in the previous month. As a result, the PMI inched closer to the 50-threshold that separates improving from deteriorating conditions in the manufacturing sector compared to the previous month.



Although new orders gained pace in August, a sharp slowdown in output weighed on the overall reading. Moreover, unemployment rose for the seventh consecutive month. Regarding prices, input price inflation eased for the second month running to a near one-year low in August. As such, output charges rose at its lowest level in a year. Lastly, optimism over the coming 12 months improved markedly amid hopes that the pandemic had fully subsided.

FocusEconomics Consensus Forecast panelists see fixed investment growing 5.9% in 2022, which is down 0.3 percentage points from last month’s forecast. For 2023, the panel expects fixed investment to increase 4.4%.


Author:, Junior Economist

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Malaysia PMI August 2022

Note: Malaysia Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an overall increase compared to the previous month while readings below 50 an overall decrease.
Source: S&P Global.


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