The manufacturing sector in Malaysia continued to contract in November, the latest survey from Markit Economics revealed on Tuesday with a manufacturing PMI score of 48.4.
That’s down from 48.5 in October and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output and new orders were scaled back, while international restrictions dampened exports and disrupted supply chains. Business optimism rose slightly.
Staffing levels among Malaysian manufacturers edged towards stabilization in the latest survey period. The rate of job shedding eased to the softest since May and was marginal overall.
The material has been provided by InstaForex Company – www.instaforex.com