KUALA LUMPUR, Malaysia (July 1): The IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI), a composite single-figure indicator of manufacturing performance, fell to 39.9 in June 2021 from 51.3 the previous month, as Malaysia’s Covid-19-driven movement restriction policies resulted in output and incoming orders moderating to the greatest extent since the pandemic’s initial outbreak in April 2020. According to a statement released today by IHS Markit, the country’s manufacturing sector lost significant momentum at the end of the second quarter of 2021 (2Q21) as Covid-19 infections prompted the reinstatement of stronger pandemic containment measures.
“Business confidence fell to its lowest level ever,” according to IHS Markit.
According to IHS Markit, the Malaysia Manufacturing PMI is generated from responses to questionnaires submitted to purchasing managers of roughly 400 manufacturers.
The PMI is a weighted average of five indices, including new orders (30%), production (25%), employment (20%), supplier delivery times (15%), and purchasing stockpiles (15%), according to the report (10 percent ).
“The indices range from 0 to 100, with a reading above 50 indicating an overall gain over the previous month and below 50 showing an overall decrease,” according to IHS Markit.
There will be more to come./n
