2 Aug 2022 Emerging Asia Monitor Enjoy it While it Lasts... The Stability in ASEAN's PMI in July is a One-Of

Miguel Chanco (Chief EM Asia Economist)29th Jul 2022 15:50Emerging Asia, Daily Monitor

ASEAN factories showed welcome stability to start Q3, with the PMI rising for the first time since April...

...But the rebounds in Indonesia and Thailand are one-offs, and most signs still point to a slowdown.

Ignore the hotter July signals for Thai and Philippine inflation; Indonesia’s core rate is reaccelerating.

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