Malaysia's manufacturing PMI falls in February

KUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) - a composite single-figure indicator of manufacturing performance - dipped to 47.7 in February from 48.9 in January.

“This reading indicated a further moderation in the health of the manufacturing sector, although the deterioration was considerably less marked than that seen during the first wave of the pandemic in April 2020,” IHS said in a statement Monday.

Commenting on the latest survey results, IHS Markit chief business economist Chris Williamson said: "February was another tough month for manufacturers, with the pandemic continuing to adversely affect order books and disrupt supply lines and shipping. Business conditions consequently deteriorated at a rate not seen since last May, adding to the picture of a disappointing first quarter.”