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Bangkok Post
Bangkok Post
Business

Asian factories still under pressure as demand slows

Asia China Singapore SP Global Market Intelligence
This photograph taken on Dec 12, 2022, shows soft drink cans passing on a production line at the stage of stretching and trimming in Ball Packaging factory in Bierne, northern France. (Photo: AFP)

SINGAPORE: Asia’s manufacturers remained under pressure in December as activity continued to contract under the weight of slowing global demand.

Several purchasing managers indexes were in negative territory across the region. The S&P Global PMI reading for Vietnam fell to 46.4 points from 47.4 in November, its lowest reading since September 2021. A reading above 50 indicates expansion from the previous month, while anything below indicates contraction.

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