KUALA LUMPUR, Oct 2 (NNN-BERNAMA) – The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI), posted 46.8 in Sept, down from 47.8 in Aug.
The latest reading signalled further challenges for firms in the manufacturing sector, with business conditions moderating to the greatest extent since Jan, S&P Global said, today.
Looking at the relationship between the PMI data and official gross domestic product (GDP) statistics, S&P Global Market Intelligence said, the figures for the third quarter suggest that year-on-year GDP growth eased further from that seen in the second quarter.
It said, the data are also consistent with official manufacturing production remaining broadly stable on an annual basis.– NNN-BERNAMA
