Malaysia June manufacturing PMI hits 32-month low as domestic orders slump

[KUALA LUMPUR] Malaysia's June PMI signalled a further worsening in operating conditions, with its weakest reading in 32 months.

Output declined at the quickest rate in two-and-a-half years, with marked fall in new orders. The fall was mainly attributed to weaker domestic demand, while new export orders remained marginally in growth territory.

Employment levels declined for the first time this year.

Purchasing costs rose over higher raw material costs and increase in taxation. This attributes to charges going up for the fourth straight month, as companies pass on burden of higher costs to clients.

REUTERS