Malaysia’s April Manufacturing Expanded on Sharp Rise in New Orders
Malaysia’s manufacturing showed renewed momentum in April as incoming orders recovered strongly to register the sharpest rise in eight years, S&P Global said Thursday.
The S&P Global Malaysia manufacturing purchasing managers index increased to 51.6 in April from 49.6 in March.
April saw a welcome surge in demand for manufactured goods and producers reported the strongest inflow of new orders since April 2014, reflecting a combination of improving sales at home and abroad, said S&P Global chief business economist Chris Williamson.
“Manufacturers are seeing signs of reviving demand but their efforts to boost production to meet these new orders continue to be frustrated by shortages, which will likely put further pressure on inflation in the coming months,” he said.