KUALA LUMPUR: Production numbers in the manufacturing sector have rebounded in August to record a 50.4 reading, according to the Nikkei Malaysia Manufacturing Purchasing Managers' Index ( PMI). It was the fastest manufacturing output growth pace since February. The HIS Markit said the manufacturing sector showed signs of recovery in August, registering the first expansion of production and overall improvement in operating conditions since April. The still underwhelming trend in overall sales encouraged firms to utilise existing stocks of purchases for production. Inventories of finished goods also fell, although the rate of decline was the softest in the current five-month sequence of contraction.

Source: New Strait Times September 05, 2017 07:18 UTC