Malaysia PMI February 2021


Malaysia: Manufacturing PMI ticks up in February

March 1, 2022

The Manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, rose to 50.9 in February from 50.5 in January. As a result, the PMI moved further above the 50-threshold that separates improving from deteriorating conditions in the manufacturing sector compared to the previous month.

February’s result came amid easing prices pressures and improved output and new orders, with both moderating at a slightly slower pace than in January. That said, staffing levels decreased due to softer demand and lack of available workers. On the price front, although input cost inflation increased at the softest rate in five months on higher prices of raw materials and transportation, firms ultimately passed the costs on to consumers.

Commenting on the release, Usamah Bhatti, economist at IHS Markit, said:

“Demand conditions remained muted due to sustained supply-side constraints, with companies continually reporting widespread issues with raw material shortages and shipping delays, which continued to drive costs higher. Nonetheless, price pressures at least showed evidence of alleviating in the latest survey period, and any signs of the supply situation improving soon would be a welcome sign for goods producers reliant on global supply chains.”

FocusEconomics Consensus Forecast panelists see fixed investment growing 7.8% in 2022, which is down 0.2 percentage points from last month’s forecast. For 2023, the panel expects fixed investment to increase 5.1%.

Author:, Junior Economist

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Malaysia PMI Chart

Malaysia PMI December 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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