In September 2023, Malaysia, Japan, and China's PMIs fell, signaling contractions in factory activity and global economic concerns.

In September 2023, Malaysia's manufacturing sector continued to decline, with its PMI falling to 49.5. Similarly, Japan's PMI dropped to 49.7, indicating ongoing contractions in factory activity due to weak demand. China's PMI also weakened, reflecting concerns over global economic conditions. The IMF forecasts a slowdown in Asia's growth from 5% in 2023 to 4.5% in 2024, amid rising inflation and pressures on policymakers to support their economies.

October 01, 2024
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