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Home Business Malaysia’s manufacturing PMI slips to 47.7 in June

Malaysia’s manufacturing PMI slips to 47.7 in June

by News desk
July 4, 2023
in Business

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Malaysia’s manufacturing purchasing managers index (PMI) fell slightly from 47.8 in May to 47.7 in June, indicating a 10th consecutive moderation in operating conditions that was the strongest since January, according to S&P Global Market Intelligence Monday.

The global financial analytics firm said in a statement that the latest PMI showed further moderation in the Malaysian manufacturing sector.

It said the reading suggested that the weaker trends in official data for manufacturing production and gross domestic product (GDP) were sustained throughout the second quarter of the year.— Xinhua