KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) eased to 49.2 in November this year from 49.5 in October, signalling a marginal moderation in the sector.
S&P Global said the historical relationship between the PMI and official gross domestic product (GDP) data indicates that the final quarter of 2024 will likely see continued growth. However, the data are also consistent with a further slowing in the rate of increase in official manufacturing production on an annual basis.
