3 October 2023 Emerging Asia Monitor ASEAN Manufacturing Set for a Difficult End to 2023

ASEAN’s September PMI fell below the key 50 mark for the first time since the pandemic...
...Exposing its over-reliance on Indonesia’s relative strength, and on the world economy, more broadly.
The 2022 fuel-price hikes in Indonesia finally fall out of inflation; luckily, core inflation is still evaporating.

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