Malaysia recorded a PMI of 47.9, unchanged from the previous month but still indicating contraction for 16 consecutive months. Vietnam improved to 48.9.
On the positive side, the Philippines’ PMI was 51.5, the lowest in three months but still reflecting moderate growth. Singapore and Indonesia registered their highest PMI rises in six and three months, respectively.
Maryam Baluch, an economist for Economic Indices at S&P Global Market Intelligence, commented that ASEAN’s manufacturing sector has weakened over the past few months.
