KUALA LUMPUR, Dec. 2 (Xinhua) -- Malaysia's manufacturing purchasing managers' index (PMI) dipped slightly to 49.2 in November from 49.5 in October, signaling a marginal moderation in the health of the sector, S&P Global said Monday.

S&P said in a statement that the PMI indicates that the final quarter of 2024 will likely see continued growth, though the data are also consistent with a further slowing in the rate of increase in official manufacturing production on an annual basis.

According to S&P, November saw a moderation in the Malaysian manufacturing sector as demand conditions remained muted. Slowdowns were seen in new orders, output and stocks, while employment was broadly stagnant. That said, firms pointed to firmer overseas demand conditions which resulted in a further increase in new export orders.

"Malaysian manufacturers remained under pressure in November, as the latest PMI data signaled that the sector saw a slightly steeper moderation in operating conditions," said Usamah Bhatti, an economist at S&P Global Market Intelligence. Enditem

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