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Asia Sourcing Update (March 2017)

HIGHLIGHTS

Cambodia

  • Exports to the US fall 6.5% yoy in 2016
  • Garment and footwear sector faces risks after Brexit vote
  • Government plans to expand the Sihanoukville Autonomous Port

Indonesia

  • Exports jump 27.21% yoy in January       
  • Manufacturing output contracts in February
  • European Commission publishes negotiating proposals for EU-Indonesia free trade agreement

The Philippines

  • Manufacturing sector expands at slower rate in January
  • Inflation accelerates to 2.7% yoy in January
  • Approved foreign investment drops 9.3% yoy in 4Q16

Thailand

  • January’s exports grow for the third straight month
  • Infrastructure development gathers steam in 2017
  • New law passed to incentivize investment in target industries

Vietnam

  • Exports grow 15.4% yoy in the first two months of 2017
  • FDI inflow surges 21.5% yoy in January - February
  • Danang to set up four new industrial parks by 2020

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Content provided by Fung Business Intelligence
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