ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Economy

Malaysia's PMI falls to record low in June

TOKYO -- The Nikkei Malaysia Manufacturing Purchasing Managers' Index, or PMI, dropped to 46.9 in June from 48.7 in May, recording the lowest reading in the survey's five-year history.

A reading above 50 indicates economic expansion, while one below 50 points to a contraction.

Both output and new orders decreased solidly in June, according to IHS Markit, which compiles the survey. Production fell at the fastest rate since last June.

"With underlying demand worsening, good producers took steps to limit workforce growth and streamline inventories -- employment stagnated and stocks of purchases fell at a survey-record rate," said Paul Smith, senior economist at IHS Markit.

"However, firms' optimism was undeterred, with sentiment instead improving since May. A number of panelists predicted a turnaround in client demand," the economist said.

(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media