KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) declined to 48.4 in March from 49.5 in February to 48.4, signalling a slight moderation in the health of the sector.
According to S&P Global, the historical relationship between the PMI and official gross domestic product (GDP) data indicates that the first quarter of 2024 will likely see continued growth, while the data are also consistent with a slight improvement in official manufacturing production on an annual basis.
