However, the latest decline was the softest seen over this period and only mild. Goods producers across Singapore, however, signalled a contraction for the first time in four months. Despite being modest, the headline reading was the lowest recorded in nearly two years.
Lastly, as has been the case since September 2022, Malaysian manufacturers remained in contraction territory at the start of the third quarter. Moreover, the pace of decrease was stronger than that seen historically. (WHY)