Asian countries manufacturing sector remains in expansion for according to the latest S&P Global
PMI™ data. Severe price pressures continue as companies generally set higher selling charges in response to rising input costs. Higher costs for energy and shipping in particular are impacting. An easing in COVID restrictions in China started a recovery in the world’s largest manufacturing economy. Headwinds remain with tapering growth of new order intakes, lower business confidence and stretched global supply chains.
Asia Manufacturing PMI June 2022
- China’s June Caixin Manufacturing PMI 51.7 (expected 50.1; last 48.1)
- Japan’s June Manufacturing PMI 52.7 (last 52.7).
- Vietnam’s June Manufacturing PMI 54.0 (last 54.7).
- Philippines June Manufacturing PMI 53.8 (last 54.1).
- Thailand June Manufacturing PMI 50.7 (last 51.9).
- South Korea’s June Nikkei Manufacturing PMI 51.3 (last 51.8)
- India’s June Nikkei Manufacturing PMI 53.9 (expected 54.5; last 54.6)
- Australia’s June Manufacturing PMI 56.2 (last 55.7)
S&P Global ASEAN Manufacturing PMI™
Six of the seven ASEAN nations signaled growth during June, with Singapore leading the rankings
table for the seventh month running. Moreover, the rate of improvement (59.3) was marked and
accelerated to a new series high.
- Myanmar’s June Manufacturing PMI 48.2 (last ).
- Vietnam’s June Manufacturing PMI 54.0 (last 54.7).
- Philippines June Manufacturing PMI 53.8 (last 54.1).
- Thailand June Manufacturing PMI 50.7 (last 51.9).
- Taiwan’s June Manufacturing PMI 49.8 (last 50.0)
- Singapore’s June Nikkei Manufacturing PMI 59.3 (new series high)
- Indonesia’s June Nikkei Manufacturing PMI 50.2 (last 52.3)
- Malaysia’s June Manufacturing PMI 50.4 (last )
The S&P Global ASEAN Manufacturing PMI™ is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in panels of manufacturers in Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, totaling around 2,100 manufacturers. These countries account for 98% of ASEAN manufacturing value added*.
About the PMI Reports
The Global Report on Manufacturing is compiled by IHS Markit based on the results of surveys covering over 13,500 purchasing executives in over 40 countries. Together these countries account for an estimated 98% of global manufacturing output. Questions are asked about real events and are not opinion based. Data are presented in the form of diffusion indices, where an index reading above 50.0 indicates an increase in the variable since the previous month and below 50.0 a decrease.
Source: IHS Markit
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