马来西亚综合指数 (CKLSE) 加自选

标准普尔全球马来西亚制造业采购经理人指数从4月份的四个月低点48.6微升至2025年5月的48.8，尽管该指数连续第12个月低于50，表明工厂活动持续收缩。生产和新订单均以三个月来最慢的速度下降，而新出口订单连续第六个月下降，但降幅为2月以来的最低水平。就业人数没有变化，结束了连续七个月的裁员。随着公司处理未完成的订单，积压订单略有缓解，采购活动有所减少，尽管速度是三个月来最慢的。由于投入需求疲软，供应商绩效自2024年4月以来首次改善。在价格方面，由于美国征收新的关税推高了成本，投入成本通胀创下六个月新高。最后，由于企业对美国贸易政策和持续的劳动力短缺表示担忧，商业信心减弱，达到2021年6月以来的最低水平。

The S&P Global Malaysia Manufacturing PMI rose slightly to 48.8 in May 2025 from April’s four-month low of 48.6, though it remained below the 50-mark for the 12th consecutive month, signaling continued contraction in factory activity. Both production and new orders fell at the slowest pace in three months, while new export orders declined for the sixth straight month but at the softest rate since February. Employment was unchanged, ending a seven-month run of job cuts. Backlogs eased slightly as firms worked through outstanding orders, and purchasing activity was reduced, though at the slowest pace in three months. Supplier performance improved for the first time since April 2024 amid muted input demand. On prices, input cost inflation hit a six-month high, due to the imposition of new US tariffs that pushed up costs. Finally, business confidence softened, reaching its lowest level since June 2021, as firms expressed concern over US trade policies and ongoing labor shortages.

马来西亚的生产者价格在上个月下降1.9%后，于2025年4月同比下降3.4%，这是连续第二个月下降。最新数据也标志着自2023年6月以来的最大跌幅，主要受采矿业的拖累，采矿业暴跌17.8%（3月份为-15.0%），原油（-19.8%）和天然气减少11.6%。由于焦炭和精炼石油产品产量下降（-15.7%），制造业也出现了下降，在3月份下降1.8%后萎缩2.6%。此外，继3月份下降0.5%之后，电力和天然气供应下降了0.6%。此外，农业、林业和渔业的增长大幅放缓（2.6%对9%），主要得益于多年生作物子行业的增长。与此同时，供水增长略有加快（0.9%对0.7%）。在3月份下降0.6%之后，生产者价格指数环比下降1.0%。

Producer prices in Malaysia shrank by 3.4% yoy in April 2025, after a 1.9% fall in the previous month and marking the second consecutive month of decline. The latest reading also marked the steepest drop since June 2023, primarily weighed down by the mining sector, which saw a 17.8% plunge (vs -15.0% in March), with reductions in crude petroleum (-19.8%) and natural gas-11.6%). Manufacturing also experienced a decline, shrinking 2.6% after a 1.8% fall in March, due to decreases in the production of coke and refined petroleum products (-15.7%). Also, electricity and gas supply fell by 0.6%, following a 0.5% drop in March. Additionally, growth in agriculture, forestry, and fishing slowed sharply (2.6% vs 9%), supported mainly by the growing of perennial crops sub-sector. Meanwhile, water supply growth accelerated slightly (0.9% vs 0.7%). On a monthly basis, producer prices decreased 1.0%, following a 0.6% drop in March.

马来西亚10年期政府债券收益率降至3.55%的3年半低点。过去4周，马来西亚10年期债券收益率下跌8.35个基点，过去12个月下跌34.00个基点。

Malaysia 10 Year Government Bond Yield decreased to a 3-1/2-year low of 3.55%. Over the past 4 weeks, Malaysia 10Y Bond Yield lost 8.35 basis points, and in the last 12 months, it decreased 34.00 basis points.

马来西亚领先经济指数在上个月修正后下降0.02%后，于2025年3月环比小幅下降0.04%，这是今年第三次下降。七个组成部分中有四个下降，包括马来西亚证券交易所工业指数（-0.2%对2月份的-0.1%）、半导体实际进口（-0.2%比0.3%）、批准的住房单位（-0.1%对-0.05%）和新公司注册（-0.1%比-0.1%）。从好的方面来看，基本贵金属和有色金属的实际进口量上升（0.3%对0.1%），预期制造业销售额反弹（0.2%对-0.2%），实际货币供应量增加（0.1%对-0.03%）。按年计算，该指数增长了0.6%，比2月份的0.1%有所加速，是三个月来最强劲的增长。与此同时，反映当前经济状况的重合指数下降了0.2%，2月份小幅修正后上涨了1.8%。

Malaysia’s leading economic index edged down 0.04% month-on-month in March 2025, following a revised 0.02% decline in the previous month, marking its third drop this year. Four out of seven components declined, including the Bursa Malaysia Industrial Index (-0.2% vs -0.1% in February), real imports of semiconductors (-0.2% vs 0.3%), approved housing units (-0.1% vs -0.05%), and new company registrations (-0.1% vs -0.1%). On the upside, real imports of basic precious and non-ferrous metals rose (0.3% vs 0.1%), expected manufacturing sales value rebounded (0.2% vs -0.2%), and real money supply increased (0.1% vs -0.03%). On a yearly basis, the index grew by 0.6%, accelerating from a 0.1% rise in February and marking the strongest pace in three months. Meanwhile, the coincident index, which reflects current economic conditions, declined by 0.2%, swinging a marginally revised 1.8% gain in February.