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2025-11-03 16:26:43
[Malaysia's Manufacturing Outlook Pressured by US Tariffs] ⑴ Capital Economics economists point out that the short-term outlook for Malaysia's manufacturing sector remains cautious, as US tariff policies may dampen external demand. ⑵ The lagged effects of the tariff measures are expected to continue to impact the end of this year and the first half of 2026. ⑶ Malaysia's manufacturing PMI fell to 49.5 in October, a further decline from 49.8 in September, hitting a four-month low. ⑷ This reading is close to the 50-point threshold separating expansion from contraction, indicating that the sector remains basically stable. ⑸ The latest data shows that the country's manufacturing sector had a weak start to the fourth quarter, with activity levels showing a moderate slowdown, suggesting weakening growth momentum in the future.
