Manufacturing PMI shows 10th consecutive moderation in June


PETALING JAYA: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) fell slightly to 47.7 in June from 47.8 in May to indicate a tenth consecutive moderation in operating conditions that was the strongest since January.

“The latest reading suggests that the weaker trends in official data for manufacturing production and GDP were sustained throughout the second quarter of the year,” S&P Global Market Intelligence said in a statement.

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