CONFIDENCE IN MALAYSIA’S FUTURE OUTPUT REMAINS POSITIVE — PMI SURVEY
KUALA LUMPUR, Malaysia –Confidence over Malaysia’s future output remained in positive territory in July 2017, despite the deterioration of operating conditions that were lower than the average for the first half of the year, according to the latest Purchasing Managers’ Index (PMI) survey data.
The survey, conducted by Nikkei and IHS Markit, said Malaysia’s manufacturing sector continued to under-perform during July, registering further contractions in both output and new orders, amid reports of weak market activity and demand.
“However, manufacturers added to their workforce, partly in anticipation of an increase in production for the coming year.
“Confidence regarding future output remained in positive territory during July,” it said.
The Nikkei Malaysia Manufacturing PMI is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 450 industrial companies.
Source: NAM NEWS NETWORK