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Outlook Brightens for Southeast Asia Factories as Virus Eases

  • Thailand PMI hits record high, Vietnam and Philippines rebound
  • Manufacturing growth continues in Europe but inflation bites
Updated on

Manufacturing activity kicked into a higher gear in Southeast Asia as nations overcame omicron-led virus outbreaks while factories in the euro area saw demand increase.

Thailand’s manufacturing purchasing managers’ index rose to a record in February, while the Philippines rebounded to its highest in three years, according to IHS Markit. Vietnam and Malaysia also improved.