In Malaysia, the manufacturing sector is already feeling the impact, with the headline IHS Markit Malaysia Manufacturing PM falling to 48.5 in February, from 48.8 in January as supply-side disruptions heavily impacted business operations. A reading below the 50 mark points to a contraction in the sector’s activity, while a figure above 50 indicates an epansion.
PETALING JAYA: China’s record-low manufacturing data in February has intensified concerns about the potential impact of the Covid-19 outbreak on the Malaysian economy, particularly in the first quarter.
China, Malaysia’s largest trading partner, announced over the weekend that manufacturing Purchasing Managers Index (PMI) had slowed to 35.7, against analyst expectations of 45.0 in a Bloomberg poll.
Limited time offer:
Just RM5 per month.
