Asia Manufacturing Holds Up But Cracks Show as War Lifts Prices

Manufacturing across much of Asia expanded in March, with activity improving notably in South Korea, Malaysia and Thailand. However, energy supply disruptions tied to the US-Israeli war on Iran have pushed oil prices higher, raising input-cost and inflationary risks that could weigh on growth in more exposed economies.

Analysis

Manufacturing across much of Asia expanded in March, with activity improving notably in South Korea, Malaysia and Thailand. However, energy supply disruptions tied to the US-Israeli war on Iran have pushed oil prices higher, raising input-cost and inflationary risks that could weigh on growth in more exposed economies.