The manufacturing sector in Malaysia continued to contract in February, albeit at a slower pace, the latest survey from Nikkei showed on Wednesday with a manufacturing PMI core of 49.4.
That’s up from 48.6 in January, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output expanded for the first time since March 2015, while outstanding business accumulated at the sharpest rate in 56-month series history.
The exchange rate depreciation saw input costs and output prices increase at a record pace.
The material has been provided by InstaForex Company – www.instaforex.com
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