The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose to a seven-month high of 47.9 in November, up from 46.8 in October, signaled a muted moderation in the health of the sector.
S&P Global Market Intelligence said in a note on Friday that the PMI indicated that the final quarter of 2023 will see continued growth in Malaysia, with the magnitude of the expansion likely to be similar to the 3.3 percent year-on-year increase posted in the third quarter.
S&P Global Market Intelligence Economics Director Andrew Harker said that although Malaysian manufacturers remained under pressure in November.—Xinhua
