Wahyu Dwi Anggoro
Looking ahead, ASEAN manufacturers continued to express strong optimism when assessing the 12- month outlook for output. The overall level of positive sentiment remained below the historical average, however, despite rising from December.
“Going forward, manufacturers will be unable to sustain growth in output amid demand shortfalls. As a result, we could see the PMI revert below the 50.0 mark if new orders continue to fall. Furthermore, numerous global headwinds and generally sluggish demand from overseas markets could continue to weigh on the sector in future," the economist stated. (WHY)
