Malaysia's PMI dropped to 48.4 in March, signaling a moderation in the manufacturing sector's health.
Malaysia's PMI dropped to a three-month low in March, falling from 49.5 in February to 48.4, signaling a slight moderation in the manufacturing sector's health. New orders, output, and employment saw more pronounced contractions. However, the PMI's relationship with official GDP data suggests continued growth in Q1 2024, with a slight increase in official manufacturing production on an annual basis.
April 01, 2024
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