Analyst: Manufacturing in Southeast Asia begins to stabilize.

Miguel Chanco of Pantheon Macroeconomics said that Southeast Asian manufacturing is beginning to stabilize from the impact of the Iran war. The economist pointed out that there continue to be significant differences in economic prospects among countries in the region, with Vietnam and Thailand's Purchasing Managers' Index remaining in the expansion range in May, while Malaysia is experiencing a contraction. Chanco said that orders are not being supported by external demand, as the sub-index for new export orders fell further into the contraction range in PMI data across the entire ASEAN region. He said that however, input and output price indices suggest that the price pressures caused by recent conflicts may finally be peaking.