Malaysia’s manufacturing PMI remains subdued

KUALA LUMPUR: Malaysia's manufacturing sector continued to face challenging business conditions in April 2023, with the seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) unchanged at 48.8 in April, according to S&P Global.

That said, the index was at its joint-highest level since September last year, suggesting a tentative recovery in operating conditions since the turn of the year.