It said the latest survey data pointed to worsening operating conditions in Malaysia’s goods-producing sector in which production contracted at a solid pace. The data suggested a fall in international demand also contributed to overall decrease in total new orders. Commenting on the PMI survey data, IHS Markit economist Amy Brownbill said the manufacturing sector continued to deteriorate mid-way, through the final quarter of 2016. “Total new orders contracted at the sharpest Nikkei Malaysia Manufacturing PMI new orders decline at survey-record rate, driven partly by a fall in international demand,” he said. “As well as unstable market conditions, firms commented on a lack of new product initiatives leading to the drop in total sales.

Source: The Edge Markets December 01, 2016 03:40 UTC