Southeast Asia PMI Driven by Domestic Demand -- Market Talk

Dow Jones
Dec 01

0924 GMT - Southeast Asia's manufacturing activity is likely driven by domestic demand, Miguel Chanco of Pantheon Macroeconomics writes in a note. The latest S&P PMI data showed broad-based regional momentum, with Asean's PMI hitting a more-than three-year high, Chanco writes. However, the new export orders sub-index returned to contractionary territory after two consecutive months of minimal gains, contradicting the rising trend for total new orders, Chanco notes. Thailand's gauge also appears to be detached from its real economy's continuing struggles, with its PMI indicating further manufacturing expansion, Chanco says. Business sentiment remained positive in Thailand "amid hopes that business expansion plans and improvements in economic conditions will support higher sales in the year ahead," says S&P Global. (kimberley.kao@wsj.com)

 

(END) Dow Jones Newswires

December 01, 2025 04:24 ET (09:24 GMT)

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

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10