KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) dipped slightly to 49.7 in July from 49.9 in June, signalling a fractional moderation in the health of the sector.
“Malaysian manufacturers remained under pressure in July, as the latest PMI data signalled that the sector saw a slightly steeper moderation in operating conditions. New orders, output and employment all softened, with incoming new business falling for the first time in three months,” S&P Global Market Intelligence economist Usamah Bhatti said.
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