ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Economy

ASEAN PMI rises to 51.1 in April

TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, rose to 51.1 in April from 50.9 in March. The rate of improvement was the quickest recorded in 33 months.

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

Latest PMI data showed that six of the seven countries covered by the survey saw growth across their manufacturing sectors. Vietnam, the Philippines and Myanmar remained the top three performers, although in three cases business conditions improved at a slower rate compared to March.

"The ASEAN manufacturing sector started the second quarter on a stronger footing, building on the growth momentum seen in the first quarter. Growth was modest but nevertheless the strongest in nearly three years," said Bernard Aw, economist at IHS Markit, which compiles the survey.

"However, it seems a little hasty to conclude that the upturn is sustainable. Employment levels were little-changed, partly due to spare capacity across the region. A further rise in backlogs had restrained firms' hiring. On the price front, input cost inflation continued to increase at a quicker rate than firms' selling prices, suggesting an ongoing squeeze on margins," the economist added.

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 July 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 the Nikkei Asian Review 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