KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index was unchanged at 46.8 in October, and signalled an easing of business conditions for the fourteenth consecutive month.
"The latest S&P Global Malaysia Manufacturing PMI suggests that firms continued to struggle against the backdrop of demand weakness, both at home and abroad. The ongoing depletion of backlogs of work in order to support output reached its peak in October, with outstanding business cleared at an unprecedented pace. We will therefore need to see greater inflows of new work in the months ahead if manufacturers are to be able to maintain production schedules.
It noted that new orders moderated and production was scaled back. Employment also eased, but firms were still able to deplete backlogs of work to the greatest extent since the survey began in July 2012.