(RTTNews) - The manufacturing sector in Malaysia continued to contract in April, albeit at a slower pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 49.0.
That's up from 48.4 in March, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Manufacturers often noted that demand in the sector remained muted during April, with reports of weak customer confidence. Total new business moderated for the twentieth consecutive month, though the rate of reduction eased from March.
Demand conditions in international markets meanwhile improved for the first time in a year and at the strongest rate since April 2021. With customer demand remaining broadly subdued, manufacturers scaled back production for the twenty-first month in a row.
