Chart of the day: Manufacturing momentum slows in May

Cooling global trade demand and higher supply costs are the cause of the slowdown.

This chart from RHB shows the year-to-date growth in key manufacturing clusters with manufacturing momentum having slowed considerably, with industrial production merely rising by 0.7% in May MoM in the three months moving average (3MMA) compared to 2.6% in April MoM (3MMA). This is three times slower, RHB said.

The drivers behind the slowdown were identified as the cooling global trade demand and higher supply costs, and these could persist into the year ahead.

“As cited in our latest NODX report, we identified three key risks that may shape the course. These include trade headwinds led by the Russia-Ukraine tensions, higher inflation dynamics seen year-to-date, and external uncertainties surrounding COVID-19 across the globe and the exacerbation of global supply chain disruptions,” RHB said.

Despite that, more than 50% of the manufacturing clusters grew, with the electronics cluster leading the way.

Follow the link for more news on

RHB

Chart of the Day

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia