Malaysia' December manufacturing PMI highest since Sept 2018


  • Economy
  • Thursday, 02 Jan 2020

Proton cars being built and assembled at its Tanjung Malim plant

KUALA LUMPUR: Malaysia’s December manufacturing purchasing managers’ index rose to the highest since September 2018.

Bloomberg reported on Thursday IHS Markit announced that the PMI rose to 50 from 49.5 in November and from 46.8 a year ago.

This was the highest reading since Sept 2018; output rose to 50.2 vs 49.2 in November.

The latest data reversed contraction trend.

Reading above 50 signals expansion, less than 50 a contraction.

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manufacturing , PMI , IHS Market

   

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