KUALA LUMPUR (XINHUA) – The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) posted 49.9 in June, down from 50.2 in May.
S&P Global Market Intelligence said in a statement yesterday that the PMI came broadly in line with the 50 no-change mark, which signalled largely stable business conditions over the course of the month.
The data also suggested that the recent solid expansion signalled by official manufacturing production data has been sustained beyond April, it said.
“June was largely a month of stability for Malaysian manufacturers, following on from the growth seen in May,” said economics director at S&P Global Market Intelligence Andrew Harker.
Encouragingly, he said firms were again able to bring in greater volumes of new work, but there were still some reports of demand remaining muted.
As such, he noted manufacturers were happy to keep their output and employment levels unchanged.
