Purchasing managers indexes (PMI) across South-East Asia slumped further below 50, the dividing line between contraction and expansion, to post their weakest readings since the series began, according to data released by IHS Markit yesterday.
SINGAPORE: Factory output across several Asian countries slumped to record lows in April, signalling a deeper contraction in the world’s manufacturing hub even as China begins restarting some operations.
Purchasing managers indexes (PMI) across South-East Asia slumped further below 50, the dividing line between contraction and expansion, to post their weakest readings since the series began, according to data released by IHS Markit yesterday. India’s PMI, too, dropped to a record low as output crashed amid a 40-day lockdown.
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