Factory survey shows manufacturing down across South-East Asia

[The_King]

 

 

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

[socrates469bc]

if no contraction then i worry.

 

big-ticket items such as cars and properties r not moving, which will lead to other consumables not moving.

 

the only thing moving now is sanitizers and gloves.

[The_King]

16 minutes ago, socrates469bc said:

if no contraction then i worry.

 

big-ticket items such as cars and properties r not moving, which will lead to other consumables not moving.

 

the only thing moving now is sanitizers and gloves.

worst is airline

[socrates469bc]

6 minutes ago, The_King said:

worst is airline

 

virgin aus alrdy in liquidation

 

airasia is on the verge of collapse.

 

next shld be either sia or cathay pacific.

 

all have the distinction of hedging 2yrs on the oil market.

 

wahahahhahaha

Edited August 5, 2020 by socrates469bc

[The_King]

3 minutes ago, socrates469bc said:

 

virgin aus alrdy in liquidation

 

airasia is on the verge of collapse.

 

next shld be either sia or cathay pacific.

 

all have the distinction of hedging 2yrs on the oil market.

 

wahahahhahaha

i see  oil hedging by airline i laugh.

 

hahahahaha