Purchasing Managers’ Indices (PMIs) improved for four out of the five economies in Asia (outside Japan and China) for which they were released today. This suggests that the slowdown in industrial activity has bottomed out in the region. However, weak global demand is likely to limit any rebound in manufacturing and exports. We continue to expect policy rates to be lowered across Asia this year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.