ASEAN manufacturing sees strongest growth in seven months: S&P Global
ASEAN manufacturing conditions saw their strongest improvement in seven months in February, with the PMI rising to 51.5 from 50.4 in January. Output and new orders grew at a faster pace, employment expanded, and confidence reached a 22-month high. Firms increased purchasing and production capacity, while cost pressures remained stable. The sector is set for continued growth.
ASEAN manufacturing conditions saw their strongest improvement in seven months in February, with the PMI rising to 51.5 from 50.4 in January.
Output and new orders grew at a faster pace, employment expanded, and confidence reached a 22-month high.
Firms increased purchasing and production capacity, while cost pressures remained stable.
The sector is set for continued growth.
