The IHS Markit Malaysia Manufacturing PMI dropped to 49.0 in September 2020 from 49.3 in a month earlier, pointing to the second straight month of contraction in the sector amid the coronavirus crisis. The production trend deteriorated after having been unchanged in August, while new orders continued to moderate. At the same time, employment declined for the sixth month running, albeit at a slower pace than the series record posted in August. On the price front, input costs and selling prices increased for the fourth successive month. Lastly, business sentiment jumped to a nine-month high, with firms predicting improvements in new orders as market conditions gradually return to normal. source: Markit Economics
Manufacturing Pmi in Malaysia is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Malaysia to stand at 50.00 in 12 months time. In the long-term, the Malaysia Manufacturing Pmi is projected to trend around 49.40 points in 2021 and 48.90 points in 2022, according to our econometric models.