Manufacturing Purchasing Managers’ Index (PMI)

Southeast Asia

In November, Southeast Asia’s Manufacturing PMI moved down to 50.7%, 0.9% lower than the previous month. Growth across the Southeast Asia manufacturing sector reported a slowdown for the second consecutive month during November, amid falling factory orders for the first time in 14 months, as a result of reduced client activity. While the latest reading remained above the crucial 50.0% no-change mark to indicate a 10th monthly improvement in the health of the Southeast Asia manufacturing sector, the rate of growth was the slowest seen over this period and only marginal. Among the top five countries with the highest GDP in Southeast Asia, only Philippines’s Manufacturing PMI got increased and Singapore remained the top performer, with a headline PMI reading of 56.0% — unchanged from October. Thailand and Indonesia reported a loss of momentum for the second month running, and registered the lowest headline index readings since June. Manufacturing conditions across Malaysia deteriorated in November for the third month running, as the headline index hit a 15-month low of 47.9%. The decrease in Southeast Asia manufacturing, mainly due to COVID, high material and energy prices…

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