Malaysia PMI September 2021


Malaysia: Manufacturing PMI hits four-month high in September but remains entrenched in negative terrain

October 1, 2021

The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit, rose to 48.1 in September from 43.4 in August logging the highest reading in four months. However, the index remained stubbornly below the 50-threshold that separates deteriorating from improving conditions in the manufacturing sector, compared to the previous month.

September’s improvement was chiefly driven by milder contractions in output and new orders amid easing Covid-19 curbs. Similarly, new export orders fell at a softer pace, largely on higher demand from the U.S. and the Middle East. Meanwhile, ongoing raw material shortages and delivery difficulties resulted in higher backlogs of work and another decline in input buying. Against this backdrop, input cost inflation accelerated for the 16th consecutive month, also prompting firms to increase output charges and at the sharpest rate since May.

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.3% in 2021, which is down 1.5 percentage points from last month’s forecast. For 2022, the panel expects fixed investment to increase 7.9%, which is up 0.6 percentage points from last month’s estimate.


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Malaysia PMI Chart

Malaysia PMI September 2021 0

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: IHS Markit.

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