马来西亚股票指数 (FKLCI) 加自选

标准普尔全球马来西亚制造业采购经理人指数从3月份的48.8微降至2025年4月的48.6，标志着制造业连续第11个月下降。这也是自去年12月以来的最大跌幅，企业连续第11个月减产，速度为三个月来最快。新订单连续第二个月下降，但下降速度略有放缓。外部需求继续减弱，就业略有下降。积压的工作比上个月进一步减少，速度更快。采购活动也小幅下降，反映出新业务疲软。供应商表现稳定，结束了连续11个月不断恶化的交货时间。在价格方面，投入成本通胀降至今年迄今为止的最低水平，而产出费用连续第四个月下降。最后，由于对全球经济和贸易状况的担忧日益加剧，商业情绪降至2023年7月以来的最低水平。

The S&P Global Malaysia Manufacturing PMI edged down to 48.6 in April 2025 from 48.8 in March, marking the 11th consecutive month of fall in the manufacturing sector. It was also the steepest drop since December, with firms cutting output for the 11th month in a row and at the sharpest pace in three months. New orders fell for the second month, though the rate of decline softened slightly. External demand continued to weaken, while employment saw a slight drop. Backlogs of work declined further and at a quicker pace than in the previous month. Purchasing activity also fell modestly, reflecting subdued new business. Supplier performance stabilized, ending an 11-month streak of worsening delivery times. On the price front, input cost inflation eased to its lowest level so far this year, while output charges declined for the fourth month in a row. Finally, business sentiment dropped to its lowest level since July 2023, amid growing concerns over global economic and trade conditions.

马来西亚正在推迟扩大其销售和服务税的计划，为面临美国即将征收的关税压力的制造商提供了喘息的机会。财政部发言人表示，最初定于5月1日扩大税基，稍后将实施。在美国威胁对马来西亚商品征收24%的关税后，制造商敦促政府今年避免额外的税收负担。马来西亚制造商联合会主席Soh Thian Lai表示，该行业是税收的主要贡献者，正面临“严重的成本压力”。财政部已完成行业咨询，以最终确定扩张的范围和速度，目前正在完善指导方针，以确保顺利推出。这些变化将于6月1日在宪报上公布。

Malaysia is delaying the planned expansion of its sales and service tax, offering a reprieve to manufacturers facing pressure from looming U.S. tariffs. The widening of the tax base, initially set for May 1, will be implemented later, according to a Ministry of Finance spokesman. Manufacturers had urged the government to avoid additional tax burdens this year after the U.S. threatened a 24% tariff on Malaysian goods. The sector, a major contributor to tax revenue, is under "severe cost pressure," said Soh Thian Lai, president of the Federation of Malaysian Manufacturers. The finance ministry has completed industry consultations to finalize the scope and rates of the expansion, with guidelines currently being refined to ensure a smooth rollout. The changes will be gazetted on June 1.

2025年3月，马来西亚生产者价格指数同比下降1.9%，高于上月0.3%的增长率，这是自去年11月以来的首次下降。

Producer prices in Malaysia declined by 1.9% year-on-year in March 2025, shifting from a 0.3% growth in the previous month and marking the first drop since last November.

马来西亚领先经济指数在1月份小幅修正1.1%的跌幅后，于2025年2月环比小幅下跌0.2%，标志着连续第二次下跌。该指数的七个组成部分中有五个下跌，包括制造业的预期销售额（-0.3%对1月份的0.2%）、新公司注册数量（-0.2%对0.1%）、马来西亚证券交易所工业指数（-0.2%对比-0.5%）、批准的住房单位（-0.1%对-0.1%）和实际货币供应量（-0.1%对比-0.04%）。从好的方面来看，半导体的实际进口反弹（0.5%对-0.2%），其他基本贵金属和有色金属的进口也反弹（0.2%对-0.6%）。按年来看，领先指数几乎持平，为0.004%，较1月份0.4%的涨幅有所回落。与此同时，追踪当前经济状况的同期指数上涨1.9%，扭转了1月份1.4%的跌幅。

Malaysia’s leading economic index edged down 0.2% month-on-month in February 2025, following a marginally revised 1.1% drop in January, marking a second consecutive decline. Five of the index’s seven components fell, including expected sales value for manufacturing (-0.3% vs 0.2% in January), number of new company registrations (-0.2% vs 0.1%), Bursa Malaysia Industrial Index (-0.2% vs -0.5%), approved housing units (-0.1% vs -0.1%), and real money supply (-0.1% vs -0.04%). On the upside, real imports of semiconductors rebounded (0.5% vs -0.2%), as did imports of other basic precious and non-ferrous metals (0.2% vs -0.6%). Annually, the leading index was nearly flat at 0.004%, easing from a 0.4% gain in January. Meanwhile, the coincident index—which tracks current economic conditions—rose 1.9%, reversing a 1.4% decline in January.