China – Jun Composite Purchasing Managers Index
30/06/2020 09:41 am MYT
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The manufacturing purchasing managers index (PMI) rose to 50.9% in Jun, mainly due to higher output and new orders. However, external demand remained weak – see table 1.

The seasonally adjusted business activity index of non-manufacturers further increased to 54.4% in Jun as the services sector continued its recovery – see table 2.

Combining both manufacturing and non-manufacturing sectors, the composite purchasing managers index rose to 54.2% in Jun, up 0.8 percentage points from May – see figure 1. While external demand continues to be a drag, domestic demand is recovering steadily.

Note from Publisher
Malaysia implemented the Recovery Movement Control Order (RMCO) starting 10 Jun. Since then, more and more restrictions have been lifted - even kindergartens have been allowed to reopen. Happily, unlike many other countries, Malaysia has not experienced a resurgence in the number of confirmed cases after relaxing most of the Covid-19 related restrictions. If such a positive development continues and people remain cautious, Malaysia should be free from the SARS-CoV-2 virus by the time the RMCO ends on 31 Aug, and Malaysia’s 63rd Independence Day will be celebrated with a new reason for all Malaysians to be proud of their country.

So far, Capital Dynamics has organised two virtual conferences for subscribers and investors on the Covid-19 pandemic and its impact on the economy and their investments. We also shared with participants on our market and investment outlook. Both conferences were half-day events and were well-attended. Participants found the contents insightful and very beneficial. However, both conferences were conducted in English and Chinese-speaking investors were unable to participate. As a result, we are pleased to announce that Capital Dynamics will organise a similar investment conference in Mandarin on 1 Aug. Keep an eye for the details.
Following the Recovery Movement Control Order ("RMCO") announced by the Malaysian Government which takes effect from 10 June 2020 to 31 August 2020, Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures ("SOP") prescribed by the relevant authorities. During the RMCO, we will continue to take precautionary measures to protect our employees, clients and other stakeholders. Among others, all visitors must continue to wear face masks, having their body temperature recorded, making health declaration and ensure social distancing when you visit any of our Kuala Lumpur offices. To better manage your visits and avoid any inconveniences, you are advised to make an appointment with us before your visit. For our Kuala Lumpur office, you may reach us at +603-2070 2104 or 2105 or 2106 or email us at (investment advisory) or (fund management).
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