Malaysia manufacturing PMI rises to 50.7 in April
TOKYO -- The Nikkei Malaysia Manufacturing Purchasing Managers' Index, or PMI, rose to 50.7 in April from 49.5 in March.
A reading above 50 indicates economic expansion, while one below 50 points to a contraction. April's data recorded the above-50 level for the first time since March 2015.
"April's survey marked a somewhat positive turnaround for the Malaysian manufacturing economy, with output and new orders rising concurrently for the first time in over two years," said Paul Smith, senior economist at IHS Markit, which compiles the survey.
"Growth is being underpinned by strengthened sales from abroad, which was helped to offset ongoing domestic demand weakness," the economist added.
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