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Asia Sourcing Update (May 2017)

HIGHLIGHTS

CAMBODIA

▪ GDP to grow by 6.9% this year

▪ Investment falls by 21.7% yoy in 2016

▪ Industrial sector diversifies beyond garment production

INDONESIA

▪ Manufacturing PMI reaches 10-month high in April

▪ US Vice President Pence announces US$10 billion business deals during Indonesian visit

▪ Government to evaluate 23 regulations to improve investment

THE PHILIPPINES

▪ Exports rise for the third consecutive month

▪ Investment pledges increase nearly one-third in January-April

▪ The country eyes a golden age of infrastructure under Duterte Administration

THAILAND

▪ Industrial production contracts for the second straight month

▪ Furniture exports to grow by 5% this year

▪ FDI prospects improve in 2017

VIETNAM

▪ Exports register year-on-year growth of 15.4% in the first four months

▪ FDI surges 40.5% yoy in January-April

▪ Textile and garment sector sees resurgence of investment

 

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Content provided by Fung Business Intelligence
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