TOKYO -- Malaysia’s manufacturing sector expanded for the first time in seven months, according to a survey, thanks to a increase in new orders and slower pace of cost increases.
The Nikkei Malaysia Manufacturing Purchasing Managers’ Index, or PMI, rose from 49.7 in July to 51.2 in August, edging above the 50-point line separating expansion from contraction. It ended a six-month period of deterioration.
The uplift was driven by a pickup in new orders. The rate of inflation in input costs also eased to the slowest pace since February 2015.
“PMI price indicators meanwhile signalled easing inflationary pressures during August, which may have played a key role in boosting customers’ purchasing power,” said Aashna Dodhia, Economist at IHS Markit, which compiles the survey.
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