KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) registered 50.4 in June, up from 50.1 in May, signalling a slightly stronger, yet still modest, improvement in the manufacturing sector.
The Malaysian manufacturing sector saw overall operating conditions improve at a slightly quicker rate halfway through 2022 and production levels stabilised for the first time following five consecutive monthly declines, while new orders rose for the third month running, albeit only fractionally.
S&P Global Market Intelligence chief business economist Chris Williamson said Malaysia's manufacturers reported a steady but unspectacular end to the second quarter, underscoring how the economic recovery has lost some steam compared to the start of the quarter.
"Companies are reporting sluggish export sales and growing concerns over the rising cost of living, especially in terms of rising energy and fuel prices.
"Both input costs and average selling prices are rising sharply again, suggesting inflationary pressures continue to build,” he said in a research note today.
He also said that while there was good news in terms of some supply constraints showing clear signs of easing which should help alleviate some industrial price pressures, global energy and food supply have become increasing sources of concern.
Meanwhile, the ASEAN manufacturing sector recorded an improvement in operating conditions during June, according to the latest PMI data.
Growth in output and new orders quickened compared to the previous survey period. However, manufacturing firms also reported renewed contractions in buying activity and employment.
The headline PMI registered 52.0 in June, down slightly from 52.3 in May, to signal a solid overall improvement in the health of the ASEAN manufacturing sector.
Meanwhile, growth eased for the second month running, to the second-softest in the current nine-month sequence of expansion.
Six of the seven ASEAN nations signalled growth during June, with Singapore leading the rankings table for the seventh month running. Moreover, the rate of improvement (59.3) was marked and accelerated to a new series high.
Commenting on the ASEAN Manufacturing PMI data, economist, Maryam Baluch said the latest PMI data signalled a further loss in growth momentum across the ASEAN manufacturing sector.
"Firms, despite increasing production levels and receiving higher volumes of new orders, cut back on headcounts, holdings of raw materials and semi-finished items in June.
"Growth slowed in four of the seven monitored nations in June while Myanmar recorded a decline. Surging inflation, raw material shortages and energy price hikes, impacted each region in one way or another,” she said in a separate statement.
She added that nevertheless, sentiment was positive across the ASEAN manufacturing sector with panellists hopeful that output would expand in the coming 12 months.
-- BERNAMA
Bernama
Fri Jul 01 2022
Williamson said Malaysia's manufacturers reported a steady but unspectacular end to the second quarter, underscoring how the economic recovery has lost some steam compared to the start of the quarter. - BERNAMA/Filepic
Suspek kes tembak di KLIA berdepan tujuh pertuduhan
Hafizul Hhawari mohon dibicarakan terhadap kesemua pertuduhan yang dibacakan di hadapan Hakim Nik Habri Muhamad.
Warga emas hidup 'berteman' lebih 2 tan sampah
Sudah menjadi tabiat lelaki ini yang hidup sebatang kara mengumpul sampah di dalam dan luar rumahnya tetapi bukan untuk dijual.
Nahas helikopter Lumut: Lori bawa 10 keranda tiba di Jabatan Forensik HRPB
Kesemua 10 jenazah akan dibawa ke Batalion 23 Rejimen Askar Melayu Diraja, Ipoh bagi istiadat rasmi sebaik proses bedah siasat selesai.
Piala Asia B-23: "Saya bermain dengan teruk dalam setiap perlawanan" - Mukhairi Ajmal
Ketua pasukan Harimau Muda kecewa dengan prestasi sendiri sepanjang Piala Asia B-23.
Niaga AWANI: KL20: MyDIGITAL tingkat daya saing ekosistem startup
Ketua Pegawai Eksekutif, MyDIGITAL, Fabian Bigar berkongsi pandangan beliau berkenaan pembangunan ekosistem startup di Malaysia dan peranan MyDIGITAL dalam usaha tersebut seiring penganjuran KL20 baru-baru ini.
#NiagaAWANI
#NiagaAWANI
Mansuhkan undang-undang yang menindas hak asasi
Hakisan ruang sivik di Malaysia seperti yang dilaporkan dan tindakan keras yang diambil terhadap kebebasan asasi menuntut tindakan segera daripada kerajaan.
Niaga AWANI: Strategi pelaburan graduan muda di sebalik tekanan inflasi
Pensyarah Kanan, Sekolah Perniagaan Dan Ekonomi, UPM, Dr. Lau Wei Theng berkongsi tentang bagaimana graduan di Malaysia boleh meningkatkan literasi pelaburan di sebalik prospek ekonomi yang tidak menentu.
#NiagaAWANI
#NiagaAWANI
Niaga AWANI: Prestasi Bursa Malaysia setakat 24 April 2024
Jumlah dagangan naik kepada 3.73 bilion unit bernilai RM2.79 bilion daripada 3.49 bilion unit bernilai RM2.53 bilion pada Isnin.
#NiagaAWANI
#NiagaAWANI
Niaga AWANI: Ketidaktentuan pasaran global: Impak & Strategi Pelaburan di Malaysia
S&P 500 ditutup lebih rendah untuk tiga minggu berturut-turut, manakala Nasdaq yang terdiri daripada teknologi jatuh untuk minggu keempat berturut-turut. Bagaimana impak ketidaktentuan pasaran global memberi kesan kepada pasaran saham di Malaysia?
#NiagaAWANI
#NiagaAWANI
Niaga AWANI: Akaun 3 KWSP: Tingkat literasi kewangan, depani krisis persaraan
Ketua Ekonomi, Bank Muamalat Malaysia Bhd, Dr Mohd Afzanizam Abdul Rashid berkongsi pandangan beliau berkenaan pelaksanaan Akaun 3 KWSP serta bagaimana pentingnya literasi kewangan dalam mendepani krisis persaraan.
#NiagaAWANI
#NiagaAWANI
Sektor pembuatan hilang momentum besar, PMI susut ke paras 39.9 - IHS Markit
Indeks yang mengukur prestasi pembuatan itu terjejas susulan Perintah Kawalan Pergerakan (PKP) 3.0 yang dilaksanakan kerajaan awal Jun.