马来西亚10年期国债 (Malaysia10Y) 加自选

FKLCI指数升至1659.00点，为2024年9月以来的最高点。在过去的4周里，富时马来西亚证券交易所KLCI指数上涨了3.76%，在过去的12个月里下跌了0.23%。

FKLCI increased to 1659.00 Index Points, the highest since September 2024. Over the past 4 weeks, FTSE Bursa Malaysia KLCI Index gained 3.76%, and in the last 12 months, it decreased 0.23%.

标准普尔全球马来西亚制造业采购经理人指数9月份为49.8，与8月份的14个月高点49.9相比变化不大，表明工厂活动略有下滑。产出略有放缓，而新订单连续第二个月上升，但增速低于8月份。出口需求三个月来首次放缓，企业称美国、欧洲和亚太地区的需求疲软。由于积压工作保持稳定，就业人数连续第三个月下降，结束了13个月的枯竭。购买活动自2022年4月以来涨幅最大，尽管股票积累仍然温和。与此同时，交货时间再次减弱，与港口拥堵和航运延误有关的交付周期略有延长。在通货膨胀方面，投入成本略有上升，为五个月来最低，因为原材料价格下降部分抵消了税收的增加，而产出费用保持不变。最后，由于需求增强和新产品推出的希望，信心攀升至2月以来的最高水平。

The S&P Global Malaysia Manufacturing PMI stood at 49.8 in September, little changed from August’s 14-month high of 49.9, signaling a mild downturn in factory activity. Output eased fractionally while new orders rose for the second month, though at a slower pace than in August. Export demand eased for the first time in three months, with firms citing muted demand from the US, Europe, and Asia-Pacific. Employment fell for the third month as backlogs held steady, ending a 13-month run of depletion. Buying activity rose the most since April 2022, though stock accumulation remained modest. Meantime, delivery time weakened again, with marginally longer lead times linked to port congestion and shipping delays. On inflation, input costs rose slightly, the softest in five months, as higher taxes were partly offset by lower raw material prices, while output charges were unchanged. Lastly, confidence climbed to its highest since February on hopes of stronger demand and new product launches.

马来西亚的生产者价格指数在2025年8月同比下降2.8%，这是连续第六个月下降，尽管与7月3.8%的跌幅相比有所缓解，是自3月以来的最低跌幅。经济放缓的原因是采矿活动急剧放缓（-3.4%对7月份的-8.7%），主要是由于原油开采量下降（-5.1%）。制造业继续下降（-4.0%），受焦炭和精炼石油产品（-14.9%）以及计算机、电子和光学产品（-7.7%）的拖累。相比之下，电力和天然气供应持续增长（4.1%对4.0%），而供水反弹至3.4%，扭转了7月份0.1%的下降趋势。农业、林业和渔业部门强劲扩张（7.3%对1.1%），多年生作物（11.6%）为其提供了支撑。按月计算，生产者价格指数微涨0.1%，较7月份0.3%的涨幅有所放缓。

Producer prices in Malaysia dropped 2.8% year-on-year in August 2025, marking the sixth consecutive month of decline, though easing from a 3.8% drop in July and representing the softest decrease since March. The slowdown was driven by a sharp moderation in mining activity (-3.4% vs -8.7% in July), largely due to a fall in crude petroleum extraction (-5.1%). Manufacturing continued to decline (-4.0%), weighed down by coke and refined petroleum products (-14.9%) and computer, electronic, and optical products (-7.7%). In contrast, electricity and gas supply sustained growth (4.1% vs 4.0%), while water supply rebounded to 3.4%, reversing a 0.1% decline in July. The agriculture, forestry, and fishing sector expanded strongly (7.3% vs 1.1%), supported by perennial crops (11.6%). On a monthly basis, producer prices edged up 0.1%, slowing from a 0.3% gain in July.

马来西亚领先经济指数在2025年7月环比上涨0.5%，从6月下调0.3%的跌幅反弹。七个组成部分中有四个上涨，主要是其他基本贵金属和有色金属的实际进口（0.5%对-1.1%），其次是住房单元批准（0.3%对0.1%）、新公司注册（0.3%对-0.2%）和半导体（0.01%对-0.3%）。与此同时，实际货币供应量保持在正区间，尽管较上月有所缓解（0.2%对0.5%）。相比之下，制造业销售额（-0.6%对0.4%）和马来西亚证券交易所工业指数（0.3%对0.3%）均有所下降。领先指数在6月份下调0.1%后，同比下跌0.5%。与此同时，反映当前经济状况的重合指数在6月份上涨0.4%后，7月份增长了1.2%。

Malaysia’s leading economic index climbed 0.5% month-on-month in July 2025, rebounding from a downwardly revised 0.3% decline in June. Four of the seven components rose, led by real imports of other basic precious and non-ferrous metals (0.5% vs -1.1%), followed by housing unit approvals (0.3% vs 0.1%), new company registrations (0.3% vs -0.2%), and semiconductors (0.01% vs -0.3% in June). Meanwhile, the real money supply remained in positive territory, though it eased from the previous month (0.2% vs 0.5%). In contrast, both manufacturing sales value (-0.6% vs 0.4%) and the Bursa Malaysia Industrial Index (0.3% vs 0.3%) declined. Year-on-year, the leading index dropped 0.5% after a downwardly revised 0.1% fall in June. Meanwhile, the coincident index, which reflects current economic conditions, grew 1.2% in July, following a 0.4% rise in June.