Factory survey shows manufacturing down across South-East Asia

KUALA LUMPUR/SINGAPORE, Aug 4 (dpa): South-East Asia's factory output slumped in July for a fifth consecutive month, according to the IHS Markit Purchasing Managers' Index published on Tuesday.

July saw a "further deterioration" in manufacturing "as the coronavirus disease 2019 pandemic continued to impact the sector," IHS Markit said.

The survey polled 2,100 factory managers across seven of the 10 member-states of the Association of South-East Asian Nations (ASEAN), a regional bloc.

The survey showed Singapore, the region's wealthiest country, to be affected the worst. A headline figure of below 50 indicates that factories are not running at full steam, and Singapore reported a number of 37.3 compared to a region-wide 46.5.

Myanmar was the only country to record an improvement in July compared to June. Malaysia's manufacturing appears to be flat-lining after a June uptick followed the end of the country's strict lockdown.

Indonesia and the Philippines, the region's two biggest countries measured by population, saw significant retrenchments in manufacturing. Cumulative coronavirus cases in both archipelagos have topped 100,000.

In the Philippines, July "signalled a sharper rate of deterioration than in June amid a renewed drop in output," IHS Markit reported.

In Vietnam, which initially was hit relatively lightly by the pandemic, the figure dropped to 47.6 in July, with the first virus cases in around three months recorded at the end of July.

Most countries across the region face recession this year.

Projected contractions range from 2.8 per cent in Malaysia and to 7 per cent in Singapore, according to both countries' central banks. - dpa
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Aseanplus News

Thai teen Atthaya, South-East Asia's rising golf star, edges Korean Kang for LPGA NW Arkansas trophy
Blackpink members wear outfits from Indonesian designer in new music video
USA set basketball World Cup record with 145-69 thumping of South Korea
Graft keeps stranglehold on Indonesian judiciary
Oil prices fall for a second day on concerns for expected recession
Chiang Mai in shock after 750-year-old city wall crumbles in rainstorm
New iPhone’s initial China sales lag predecessor, Jefferies says
Asian currencies plumb multi-year lows as safe-haven demand lifts dollar
Garuda Indonesia files for Chapter 15 U.S. bankruptcy procedure - CEO
Daughter of Thailand's exiled ex-PM Thaksin leads opinion poll

Others Also Read