Malaysia: Industrial output has
probably slowed to 5.9 per cent in August from 6.1 per cent in July.
The Statistics Department will
release the Industrial Production Index (IPI) data tomorrow.
Moody's, in a report, described
manufacturing as doing well on the back of solid global tech demand and this
was captured in the electrical and electronics (E&E) category.
"Stronger global demand for
Malaysia tech components is flowing through improved domestic demand."
For instance, total employees engaged
in manufacturing rose 2.9 per cent year-on-year in July and wages and salaries
climbed by an impressive 11.3 per cent.
The near-term outlook has softened
too, it added.
The Nikkei-Markit manufacturing Purchasing
Managers' Index (PMI) dipped to 49.9 in September, from 50.4 in August, falling
back below the neutral 50 that separates contraction from expansion.
"New business was down for a fifth straight month amid cooler domestic and foreign demand."
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"New business was down for a fifth straight month amid cooler domestic and foreign demand."
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