skyline at night in Malaysia

Malaysia PMI July 2023

Malaysia: Manufacturing PMI ticks up in July; remains in contractionary territory

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) came in at 47.8 in July, up marginally from June’s 47.7. As a result, the index remained below the 50.0 no-change threshold, signaling a sustained deterioration in manufacturing sector operating conditions compared to the previous month.

In July, new orders diminished to the greatest extent since January amid downbeat demand, which dampened output and purchasing activity as well. In turn, firms reduced employment levels for the third consecutive month and at the steepest rate so far this year. Price pressures also increased, partially due to currency pressures raising the cost of raw materials. Lastly, optimism regarding output in the next 12 months eased to the lowest level in over two years.

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