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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ASIA
Manufacturing output in the ASEAN region continued to grow in July but at a slightly slower rate with the S&P Global manufacturing PMI easing to 50.8 from 51, stronger than globally at 48.7. It has been above 50 for almost two years. Most countries in the region are seeing industrial output expand with Indonesia leading. Production and orders growth slowed, with exports shrinking at their fastest in 4 months, driving a slight reduction in employment. With higher costs and lower orders, business confidence deteriorated to its lowest in three years.
- Thailand’s manufacturing PMI eased to 50.7 from 53.2, lowest since June 2022, driven by shrinking new orders leading to job losses and inventory drawdown. Output growth moderated to its slowest since December 2021. Foreign orders rose but at a slower rate while lacklustre economic conditions saw a decline in domestic demand. Input cost pressures fell for the first time since September 2020 with output prices rising at the slowest rate in almost two years. Businesses were less optimistic regarding the outlook with it falling to an 18 month low due to political and economic uncertainty.
ASEAN S&P Global Manufacturing PMI
Source: MNI - Market News/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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