The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose slightly to 47.8 in July from 47.7 in June, S&P Global Market Intelligence said in a statement on Tuesday.
The latest reading pointed to a sustained slowdown in business conditions that was broadly in line with that seen on average over the second quarter of the year, S&P said in a statement.
The latest PMI reading is consistent with sustained expansions in both manufacturing production and gross domestic product (GDP), although there are signs that growth has dampened somewhat since the start of the year.—APP
