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Malaysia's manufacturing sector returns to contraction territory in May

KUALA LUMPUR (June 1): Manufacturing output fell for the first time in four months in May this year due to weaker client demand, IHS Markit said in its Nikkei Malaysia Manufacturing PMI report today.

The headline PMI dipped below the 50.0 no-change mark to 48.7 in May.

It noted that while the rate of contraction was overall moderate, the pace was faster than the series average, with anecdotal evidence of reduced demand backed by May's survey data with the New Orders Index posting below the 50.0 threshold.

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