ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Articles

ASEAN Manufacturing PMI marks 2nd straight expansion in February

TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, rose to 50.7 in February, up from 50.2 in January, as a relatively broad-based upturn saw five of the seven countries reporting an improvement in business conditions.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

"The ASEAN manufacturing upturn continued in February. Output grew at the strongest rate for ten months, underpinned by higher new orders," said Bernard Aw, principal economist at IHS Markit, which compiles the survey.

However, "ASEAN manufacturers faced a further sharp rise in input costs," Aw noted. "Limited growth of selling prices suggests that, so far, companies have struggled to pass on greater costs to customers, which puts pressure on profit margins," Aw said.

(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more