Southeast Asia Manufacturing PMI Climbs to 51.5 in May as Domestic Demand Offsets Export Slump
Updated
Updated · Bloomberg · Jun 2
Southeast Asia Manufacturing PMI Climbs to 51.5 in May as Domestic Demand Offsets Export Slump
3 articles · Updated · Bloomberg · Jun 2
May factory activity in Southeast Asia accelerated to 51.5 from 50.7 in April, ending a three-month slowdown and extending the sector’s expansion above the 50 mark.
Robust domestic demand drove a solid rise in new orders, giving manufacturers room to lift production even as export demand weakened.
S&P Global’s survey points to a region increasingly reliant on home-market demand to sustain factory growth while external trade remains soft.