skyline at night in Malaysia

Malaysia PMI April 2024

Malaysia: Manufacturing sector shows signs of recovery in April

The S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose to 49.0 in April from 48.4 in March. As a result, the index remained below the 50.0 no-change threshold but signaled a softer deterioration in manufacturing sector operating conditions compared to the previous month.

The slight uptick was driven by a slower reduction in new order inflows and a softer scale-back in production. Employment levels stabilized, ending a three-month sequence of job shedding. This, alongside the first improvement in external demand conditions in a year, suggests a modest recovery trajectory.

On the price front, input price inflation remained stable despite notable rises in raw material prices due to exchange rate weakness. This contributed to a cautious and marginal increase in output prices. Business sentiment was affected by the current demand environment, leading to a decrease in optimism to an eight-month low. However, there is hope among manufacturers that new orders will return to growth.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest