The Caixin China Manufacturing PMI plunged -10.8 points in February, from 51.1 to 40.3, its lowest reading since the survey began in 2004. Output and orders were both severely hit by the coronavirus outbreak. 
Markit's Japan Manufacturing PMI, which has already been in contraction for most of the past year, dropped -1.0 point in February to 47.8, its lowest mark since May 2016. New orders saw their biggest decline since December 2012.
Markit's South Korea Manufacturing PMI fell -1.1 points in February to 48.7 (contraction), with output falling to 44.4, its lowest level since mid-2015. Export orders fell at their steepest pace in six years.
Markit's Malaysia Manufacturing PMI fell -0.3 points in February to a contractionary 48.5, as companies reported shortages of key inputs from China. Export orders also fell at their steepest rate since November 2012.
Markit's Vietnam Manufacturing PMI fell into contraction in February for the first time in 4 years, to its lowest level since June 2013. New orders fell for the first time since November 2015.
Markit's Taiwan Manufacturing PMI fell -1.9 points in February, into slight contraction at 49.9. Supplier delivery times rose the fastest in 14 years, typically a sign of vibrant demand, but in this case a sign of bottlenecks and shortages caused by the coronavirus outbreak.
Markit's Philippines Manufacturing PMI show it weathering the coronavirus storm reasonably well so far, rising +0.2 points to 52.3, a 13-month high. But companies report growing signs of shipment delays.
Markit's Thailand Manufacturing PMI fell -0.4 points in February to a contractionary 49.5, with rapid declines in inventory.
Markit's Indonesia Manufacturing PMI fared better in February, rising +2.6 points to 51.9, its first expansion in 8 months.
Markit's Australia Manufacturing PMI illustrates how looks can sometimes be a bit deceiving. The index rose +0.6 points in February, back into expansion, but mainly due to longer delivery times as supply chains came under stress from the China coronavirus outbreak.
Markit's India Manufacturing PMI slipped -0.8 points in February to 54.5, from an 8-year high of 55.3 in January. Still in solid expansion territory.
Markit's Eurozone Manufacturing PMI rose +1.3 points in February to 49.2, its 13th straight month in contraction, but less weak than it has been. But some of the "improvement" came from inventory drawdowns, in the face of supply chain disruptions from China.
The downturn in German manufacturing continued to ease in February, with the Markit Manufacturing PMI rising +2.7 points to 48.0, a 13-month high but also its 17th straight month in contraction.
Markit's UK Manufacturing PMI rose +1.7 points in February to an expansionary 51.7, its best performance since April 2019. However, like many others, some of the "bump" came from longer lead times due to supply chain disruptions out of China.
Markit's Italy Manufacturing PMI fell -0.2 points in February to 48.7, its 17th straight month of contraction. Italy's economy is already in a fairly weakened position going into the coronavirus situation.
