Malaysia Manufacturing PMI Slows In September - S&P Global

(RTTNews) - The manufacturing sector in Malaysia continued to contract in September, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 49.8.

That's down from 49.9 in August and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Total new orders rose for the second successive month during September, albeit at a softer pace than that seen in August. Where new orders rose, firms mentioned new project launches and higher client confidence, notably in the domestic economy.

The expansion in overall new business was recorded in spite of a first moderation of new export orders in three months amid reports from panelists of muted demand in key markets including the US, Europe and the Asia-Pacific region. The rise in new orders also placed some strain on operating capacity, with companies citing an unchanged level of backlogs of work, ending a 13-month sequence of depletion.