0605 GMT - Confidence among Asean manufacturers is bouncing back, S&P Global data suggests, reflecting improving demand conditions. While Asean's headline PMI figure shows a slight rise to 51.0 in August from 50.1, it was the strongest degree of improvement in six months, S&P says. Output rose at the fastest pace in 14 months, while new orders picked up again and business sentiment recovered from a five year-low to the highest since March. Firms were more positive about output growth in the year ahead, though the subindex remains below the long-run average. The PMI signals rising momentum across the manufacturing sector, and the region could sustain and even build upon that growth going forward, says Maryam Baluch, economist at S&P Global Market Intelligence. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

September 03, 2025 02:05 ET (06:05 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.