Yet again, and Malaysian manufactures are not able to take advantage of the weak Ringgit and Strong Dollar.
The main reason why the PMI is falling is because, the manufacturing sector does not have reasonable cost effective labour to expand.
What the latest PMI figures DO NOT tell you is that , the manufacturing sector is actually running at almost full capacity, and the labour MINISTER has conveniently WASHED his hands, leaving PM Najib to solve this problem.
Read below, the latest news on the PMI:
The Nikkei Malaysia Manufacturing Purchasing Managers' Index, or PMI, fell to 47.2 in October from September's 48.6, marking the lowest reading since June.
A reading above 50 indicates economic expansion, while one below 50 points to a contraction. The latest figure shows Malaysia's manufacturing sector to be in contraction territory for 19 consecutive months.
Amy Brownbill, economist at IHS Markit, which compiles the survey, said that the deterioration in operating condition "was driven by falls in both output and new orders, with the latter declining at the sharpest rate since November 2015."
