Wahyu Dwi Anggoro
As has been the case since February 2022, Filipino manufacturers registered an improvement in the health of its manufacturing sector. That said, the seasonally adjusted headline figure (50.9) was the second-lowest observed in the aforementioned sequence, signalling only a modest improvement overall.
Manufacturing firms across Myanmar also reported a slight improvement in operating conditions. Though much weaker than the survey-high recorded in April, a reading of above 50.0 was still a positive development for this sector which has been in decline for most of the last three years.
The headline numbers from Malaysia and Vietnam continued to signal deteriorating business conditions, with contractions recorded for the tenth and fourth month running respectively. While Malaysian manufactures signalled the quickest deterioration since January (47.7), manufacturing firms across Vietnam indicated a shallower downturn (46.2) than compared to the sharp reduction reported in the preceding survey period. (WHY)
