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Malaysia PMI Manufacturing 46.8 in Sep-23

- Malaysia's PMI for manufacturing contracted to 46.8 in September 2023, marking its lowest level since January 2023 and indicating challenges in the sector.
- The decline in PMI, along with a deviation of 1.10 below the one-year average, highlights the weak performance of Malaysia's manufacturing sector in September 2023.

Malaysia CPI inflation 2.0% y-o-y (consensus 2.0) in Aug-23

- Malaysia's CPI inflation in August 2023 was 2.0% y-o-y in line with the consensus estimate.
- The core CPI inflation rate was 2.5% y-o-y in August 2023, indicating a potential slowdown in price growth in Malaysia.

Malaysia industrial production 0.72% y-o-y (consensus 0.2%) in Jul-23

- Industrial production in Malaysia returned to positive growth of 0.72% year-on-year in July 2023, marking the highest growth since May 2023 and above the expected 0.2%.
- However, the growth rate remains 3.02 percentage points below the one-year average and falls short by 5.24 percentage points when compared to the long-run average, emphasizing the need for sustained improvement in the industrial sector.

Malaysia unemployment rate 3.4% in Jul-23

- Malaysia's unemployment rate remained at 3.4% in July 2023, showing stability in the labor market.
- The current unemployment rate is 0.14 percentage points below the one-year average and 0.15 percentage points below the long-run average, indicating an improvement in employment conditions.