Asia hits 17-month low | Global manufacturing expands in June | Myanmar faces setbacks

Asian manufacturing activity hits 17-month low amidst rising tariffs Supply chain utilisation has fallen to its lowest level since 2023.

Global manufacturing sector returns to expansion territory in June Key economies drove it to expansion amidst stabilising demand conditions. Myanmar manufacturing sector struggles as earthquake aftermath weighs on recovery PMI shows modest recovery from April. Philippines manufacturing slows in May PMI tumbles to near-stagnation levels. Taiwan's manufacturing PMI improves but remains in contraction Export orders tumble to 17-month low. Indonesian manufacturing sector contracts for 2nd month as new orders plummet Indonesia saw its steepest decline in new business since August 2021. South Korea’s manufacturing sector suffers sharpest decline in over two years New orders plummet to lowest level since COVID-19 pandemic Vietnam manufacturing slightly stabilises despite second month of contraction Factory output rebounds as tariff uncertainty eases, but export orders remain under pressure.

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