The Nikkei Manufacturing PMI in Malaysia edged up to 49.5 in March of 2017 from 49.4 in February. It was the slowest contraction since May 2015, as output went up for the second straight month while employment was broadly unchanged and new orders shrank at a slightly faster than that of a month earlier. Backlogs of work continued to rise, in line with the trend seen since the start of the year. Meantime, confidence was undermined by worries about relatively underwhelming economic conditions. Costs continued to increase markedly, which manufacturers blamed on unfavorable exchange rates pushing up the price of imported goods. Also, input prices rose at the second-fastest rate in the survey history. Manufacturing Pmi in Malaysia averaged 47.98 from 2015 until 2017, reaching an all time high of 49.50 in May of 2015 and a record low of 47 in November of 2015. Manufacturing Pmi in Malaysia is reported by Markit Economics. The Nikkei Malaysia Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 450 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides – Malaysia Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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