AmInvest Research Reports
Malaysia - Manufacturing PMI at 15-month high
AmInvest
Publish date: Fri, 03 Jan 2020, 09:48 AM
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
The manufacturing PMI in December came in at 50.0, touching a 15-month high, supported by better output and orders.
The Christmas festive season, added with back-to-school and New Year effects, could have contributed positively to the manufacturing orders. Also, Chinese New Year falls in January 2020. However, exports remained weak despite positive developments over the trade spat between China and the US. For the full-year GDP of 2020, it should hover around 4.5% with the high side at 4.7%.
The Christmas festive season, added with back-to-school and New Year effects, could have contributed positively to the manufacturing orders. Also, Chinese New Year falls in January 2020. However, exports remained weak despite positive developments over the trade spat between China and the US. For the full-year GDP of 2020, it should hover around 4.5% with the high side at 4.7%.
- The manufacturing PMI finally touched the 50-mark threshold that separates between expansion and contraction in December 2019 from 49.5 in November.
- The better data was supported by improved output and order books. This could be due to the Christmas festive season, added with back-to-school and New Year effects. Besides, Chinese New Year is in January 2020. However, exports remained weak despite positive developments over the trade spat between China and the US.
- On a quarterly basis, the manufacturing PMI in 4Q2019 averaged at 49.6 against 47.6 in 3Q2019. This should see the fullyear GDP for 2020 hovering around 4.5% with the high side at 4.7%.
Source: AmInvest Research - 3 Jan 2020
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