Malaysian factories hit for the first time in four months | Money

  Malaysian factories hit for the first time in four months |  Money
Malaysia may lose momentum in the manufacturing sector as output slows down for the first time in four months.

KUALA LUMPUR, Oct 1 – Malaysia’s manufacturing output is facing its first slowdown in four months, signaling that the region’s recovery could lose momentum.

According to IHS Market’s Manufacturing Purchasing Managers’ Index (PMI), Malaysia had a score of 49.0 in September, up from 49.3 in the previous month.

A PMI score below 50 indicates a contraction while a score above 50 extends the signal.

Chris Williamson, chief business economist at IHS Markets, explained that a slowdown is always possible and noted that Malaysia’s manufacturing performance is still consistent with year-over-year expansion.

However, he warned that such recovery in the country was accidental due to the Kovid-19 epidemic.

“According to IHS Market’s Covid-19 Content Index, with the exception of a more significant increase in infection rates, Covid-19 related restrictions are due to be more flexible in the coming months,” Williamson said.

“However, the future course of the virus remains uncertain and poses the greatest risk to vision.”

For May, Malaysia had a strong performance of 51.0 in the PMI, indicating that the country is in for a V-shaped recovery.

After Mallya was found to have successful control of Covid-1 of, there has been a sudden increase in the number of infections in the country in Malaysia, which started on September 11 with an increase of 182 cases.

In Malaysia, the period from August to August 16 was increased from 9,000 to 10,000, while the number of cases in the country increased by 1,000 in just two weeks.

Health Director General Ten CR Dr Noor Hisham Abdullah has said that since then Covid-19 can no longer be considered limited to Sabah as the trend of infection has shown that it is already in the Malaysian community.

See also  Gerrard's Rangers end unbeaten season

During the initial wave of Kovid-19 infection in March, the government imposed a movement control order that brought the country’s economy to almost complete stability.

LEAVE A REPLY

Please enter your comment!
Please enter your name here