The ASEAN manufacturing sector’s health saw only a fractional improvement in September, S&P Global said.
Output levels in the area contracted for the first time in three years, albeit only with a shallow decline.
Growth in new orders slowed on the month in September. Weaker demand trends led to a fresh decline in output.
However, ASEAN manufacturers hope output will grow over the next 12 months.
Output levels in the area contracted for the first time in three years, albeit only with a shallow decline.
Growth in new orders slowed on the month in September. Weaker demand trends led to a fresh decline in output.
However, ASEAN manufacturers hope output will grow over the next 12 months.