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Southeast Asia PPG Weekly Report - Sample (20221007-20221014)
October 20, 2022    [Source:PUdaily]

Manufacturing Purchasing Managers' Index

Southeast Asia

The epidemic situation in many countries in Southeast Asia is stable, the recovery of production and demand is accelerating, and the regional economy is showing signs of continuous improvement, with output in the manufacturing sector is stabilizing and the decline in new orders is narrowing, and the purchasing managers' index (PMI) continues to rise. The manufacturing purchasing managers' index (PMI) in ASEAN countries was 53.5 in September, up from 52.3 in August and the highest level since October. Manufacturing PMI in Thailand and Indonesia increased to varying degrees compared with the previous month.

Figure 1 Southeast Asia & China Manufacturing Purchasing Managers' Index (PMI) Comparison in 2021-2022 (%)


  1. If PMI above 50 percent, it reflects the overall economy is expanding; if less than 50 percent, it reflects the overall economy is in recession.
  2. Source: Markit, National Bureau of Statistics of People’s Republic of China.

Spot Market 

Market Overview

Demand for automotive turns better, with other downstream lukewarm based on Global inflation, supply chain shortages, international situation.

Buyers maintain cautious buying attitudes, avoid building up inventories for polyols.

Unclear outlook expected after China Communist Party Congress meeting.

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