Nikkei Malaysia Manufacturing PMI Higher In January
137 views · Published 2 February 2018 · 1:42 · Indexed 4 November 2026
Channel: 7Edition · 2018 · News & Politics
The Headline Nikkei Malaysia Manufacturing Purchasing Managers' Index (PMI), rose to 50.5 in January 2018 from the 49.9 recorded in December with a marginal improvement in operating conditions across the country's manufacturing sector. The Nikkei Malaysia Manufacturing PMI, a composite single-figure indicator of manufacturing performance implied that the health of the sector had strengthened in two of the past three months. Financial information services provider IHS Markit, said, the improvement was recorded despite a broad stagnation in output, following increases in each of the previous five months. It added, Malaysia's goods-producing sector recorded a renewed increase in new business at the start of the first quarter. This, alongside rising employment and buoyant sentiment, suggests that output could regain momentum as the year progresses. The data also showed that the level of positive sentiment towards the 12-month outlook for output was the joint-strongest since December 2013.
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