KUALA LUMPUR, Sept 1 ― Malaysia's manufacturing sector recorded a sharp decline in activity in August, with new orders contracting at the fastest rate since September 2012, according to the Nikkei Malaysia Manufacturing Purchasing Managers' Index (PMI). The headline PMI dropped to 47.2 ― down from 47.7 in July ― which the index rated as the “strongest deterioration in operating conditions” for Malaysian manufacturers in nearly three years. “This was reflected in all five components, with production, new orders and stocks of purchases recording sharper rates of decline,” Nikkei said in a statement today. The PMI noted that the decline in new orders triggered a sharp decline in production and purchasing activity, which in turn lead to job cuts in the sector for a third straight month albeit at a slower rate overall. Cost pressures on Malaysian manufacturers also persisted, with higher charges caused by input prices rising at the quickest rate since November 2013, the index said. “New orders at Malaysian goods producers contracted for the sixth month in a row. Moreover, the rate of decline was the second-sharpest in the series history. “Poor demand, unfavourable exchange rates and challenging economic conditions were cited as the main factors behind the latest fall,” Nikkei said. Despite the situation, there was no change in new orders from abroad in August after a six-month expansion period with some manufacturers attributing it to stronger demand. The PMI, however, noted that Malaysian manufacturers cited unfavourable exchange rates as having weighed down on new exports. “As a consequence of worsening operating conditions, buying activity was reduced in August. In fact, the rate of decline was the quickest in the series history to date. This was matched by a survey-record fall in volumes of pre-production items, as companies tried to clear stock. “On the price front, input price inflation was the strongest since November 2013. According to panellists, a combination of higher taxes and the depreciation of the Malaysian ringgit against the US dollar driving up raw material costs led to higher purchasing prices. Charges also increased and at a sharper rate than in the prior month,” the index said. - See more at: http://www.themalaymailonline.co ... thash.cMNTBpXn.dpuf
订单没有,马币还贬值~过几天10月PMI又要出来了!~
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