The S&P Global ASEAN Manufacturing PMI fell to 48.7 in April, marking the first contraction since December 2023.
Output, new orders, purchasing activity, and employment all declined, while confidence hit a 57-month low.
Cost pressures eased, and supply chains slightly improved.
Firms remained cautiously optimistic, but sentiment was notably weaker, reflecting growing concerns about future recovery.
Output, new orders, purchasing activity, and employment all declined, while confidence hit a 57-month low.
Cost pressures eased, and supply chains slightly improved.
Firms remained cautiously optimistic, but sentiment was notably weaker, reflecting growing concerns about future recovery.
