A garments / shirt manufacturing plant in Bandung, Indonesia. - courtesy of Oxwhite
KUALA LUMPUR: The S&P Global Asean manufacturing Purchasing Managers’ Index (PMI) ) remained above the 50.0 mark for the 20th successive month in May, signalling sustained improvement in operating conditions.
However, the latest reading stood at 51.1, down from 52.7 in April as output, new orders and pre-production stocks all grew at softer rates than the previous month, according to S&P Global Market Intelligence.
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