Economic Snapshot for ASEAN
June 29, 2020
The economic fallout from the Covid-19 pandemic is expected to be severe
The regional economy is seen shrinking this year, due to the impact of domestic containment measures and lockdowns abroad hitting exports and tourism. More positively, governments across the region have eased restrictions in recent weeks, which should be supporting demand at the tail end of Q2. Downside risks include a second wave and prolonged weak external demand.
ASEAN Economic News
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Thailand: Consumer prices fall on an annual basis in June
July 4, 2020
Consumer prices increased 1.56% in June over the previous month, accelerating from May's 0.01% rise.
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Indonesia: Manufacturing conditions deteriorate at softer pace in June
July 1, 2020
The manufacturing Purchasing Managers’ Index (PMI) released by IHS Markit rose from 28.6 in May to 39.1 in June amid an easing of Covid-19 restrictions.
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Philippines: Manufacturing sector conditions improve notably in June
July 1, 2020
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, came in at 49.7 in June, a notable improvement after two bleak readings in April and May (May: 40.1).
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Malaysia: Manufacturing PMI rises in June back into expansionary territory
July 1, 2020
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, jumped to 51.0 in June from May’s 45.6, and marked the highest reading since September 2018.
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Indonesia: Inflation falls to lowest level since May 2000 in June
July 1, 2020
Consumer prices increased a seasonally-adjusted 0.18% in June over the last month, accelerating from May's 0.07% increase.
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