Malásia PMI Industrial

The S&P Global Malaysia Manufacturing PMI was at 49.5 in October 2024, unchanged from the prior month. The latest result was the fifth straight month of contraction in factory activity while remaining at its steepest pace since April. Output fell for the fifth month, with the rate of moderation being the most in 7 months. Also, buying activity shrank at the steepest pace in a year due to difficulty in sourcing inputs for output. Employment was broadly unchanged, while backlogs of work slowed for the third month. Delivery times lengthened for the sixth time. On a positive note, new orders grew for the first time since June, although demand was subdued overall. Foreign sales rose for the 7th month, helped by higher orders from the Asia-Pacific region. On inflation, input cost rose the least in 3 months despite higher raw material costs and an unfavorable exchange rate. Meanwhile, output price inflation hit its lowest since May. Lastly, sentiment stayed positive but eased from September.