Wahyu Dwi Anggoro
Thailand’s manufacturing sector also recorded a further deterioration in conditions. At 47.5, the headline figure posted below the neutral 50.0 mark for the third month running. Moreover, the rate of decline was the most pronounced in over two-and-ahalf years. Modest deteriorations in business conditions were noted across both Singapore (48.6) and Myanmar (49.0). However, while the downturn softened across Singapore’s manufacturing sector, Myanmar registered a fresh decline following an eight-month period of improvement.
Vietnam registered a marginal downturn in October, with the rate of deterioration broadly unchanged from that seen in the previous survey period (49.6).
The two countries that saw an improvement in the health of their manufacturing sectors were Indonesia (51.5) and the Philippines (52.4). While the former saw growth momentum ease to a five-month low, operating conditions improved at the fastest pace in seven months at Filipino manufacturing firms. (WHY)
