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Economy

Malaysia's manufacturing PMI rises to 43-month high

TOKYO -- The Nikkei Malaysia Manufacturing Purchasing Managers' Index, or PMI, rose to a 43-month high of 52.0 in November from 48.6 in October.

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

"November data indicated a long-awaited improvement in the health of the manufacturing sector," said Aashna Dodhia, economist at IHS Markit, which compiles the survey.

"Reflecting an increase in overseas demand for Malaysian goods, new export orders rose at the joint second-fastest rate in the series history. Overall, growth momentum in Malaysia is likely to be sustained towards the end of the year," the economist added.

(Nikkei)

For more information, visit:

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

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