FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ASIA: PMI’s: Philippines Bucks the Declining Trend in Regional PMI’s.

ASIA
EM BulletAPACEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • This morning’s data release for the region shows a declining trend for PMI’s, the exception being Philippines.
  • Indonesia’s PMI continues to evidence contraction at 49.2, a small improvement from last month’s 48.9.
  • Malaysia’s PMI was 49.5 a modest decline from previous.
  • Thailand’s PMI barely remains in expansion territory at 50.4 but was a material contraction from +52.0 prior.
  • Taiwan also is declining down to 50.8 from 51.5 prior.
  • The standout in the release was Philippines that jumped 53.7, following 51.2 prior and is possibly impacted by the surprise cut in rates in August by the BSP.
  • The Philippines result will be watched closely by other regions as potential reasons to pressure their respective Central Banks for a rate cut. 
116 words

To read the full story

Close

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.
  • This morning’s data release for the region shows a declining trend for PMI’s, the exception being Philippines.
  • Indonesia’s PMI continues to evidence contraction at 49.2, a small improvement from last month’s 48.9.
  • Malaysia’s PMI was 49.5 a modest decline from previous.
  • Thailand’s PMI barely remains in expansion territory at 50.4 but was a material contraction from +52.0 prior.
  • Taiwan also is declining down to 50.8 from 51.5 prior.
  • The standout in the release was Philippines that jumped 53.7, following 51.2 prior and is possibly impacted by the surprise cut in rates in August by the BSP.
  • The Philippines result will be watched closely by other regions as potential reasons to pressure their respective Central Banks for a rate cut.