Manufacturing index posts decline for fifth straight month

The Business Conditions Survey has revealed that the introduction of SST last year pushed up by 10% the cost of doing business for most Malaysian manufacturers. – EPA pic, March 1, 2019.

THE manufacturing economy deteriorated for a fifth successive month in February, with a continued decline in both output and new orders, said economists.

The Nikkei Malaysia Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – dipped to 47.6 points last month from 47.9 in January, pointing to a sharp deterioration in the sector’s business conditions.

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