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Malaysia Manufacturing PMI Recovers In May - IHS Markit

The manufacturing sector in Malaysia continued to contract in May, albeit at a much slower rate, the latest survey from IHS Markit revealed on Monday with a manufacturing PMI score of 45.6.

That's up sharply from the record low 31.3 in April, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new orders and output fell at considerably weaker rates in May, although the COVID-19 pandemic led to further supply chain disruption.

The deterioration in demand was solid, although significantly weaker than seen in April. Of the minority of companies that recorded sales growth, clients reopening their businesses had led to new work intakes.

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