, 7 tweets, 4 min read Read on Twitter
PMI breakdowns:
Taiwan - less bad. Optimistic about the future. Weakness from exports markets.
Thailand - improvement in new orders. Second to cite deteriorating foreign demand (wonder where that could be from?). 2/2 on large increases in optimism.
South Korea - continued deterioration, falling new orders, employment reduced. 3/3 on expectations being higher. Explicitly stated China and Europe as a driver behind slowdown.
Malaysia - continued deterioration - output and new orders falling. 4/4 on expectations increasing. Overseas markets behind slowdown, yet Germany and Japan picking up. Wonder where that could be coming from?
Japan - not great here. New orders bad due to intl. mkts (China) and expectations not positive.
Germany - continued deterioration with new orders and export sales driving it lower. "new business from abroad fell at the fastest rate since 2009".
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