by Czeriza Valencia (The Philippine Star), 3 Feb 2020
MANILA, Philippines — The effect of the spread of the Wuhan coronavirus on industry will be more clearly seen this month with the service sector expected to take the initial impact, said London-based Capital Economics.
In a new brief over the weekend, the macroeconomy research firm said Purchasing Managers Indexes (PMIs) for most Emerging Asia economies improved slightly in December and is expected to have sustained the improvements in business conditions in January as it is still too early to see the impact of the contagion on industry.
“PMIS for most Emerging Asia improved slightly in December, after nudging up in November. The PMIs in January should edge up again, given that they are probably too early to show any impact from the coronavirus outbreak,” said Capital Economics.
“Overall though, we will have to wait for the February PMIs to have a good indication of how the coronavirus is affecting industry. The initial impact of the virus is likely to be concentrated in the service sector,” it added.
PMIs provides a quick overview of the health of the manufacturing sector based on several indicators such as new orders, output, job creation, supplier delivery times, and inventories.
The firm noted that China’s decision to lock down Hubei provinces and extend nationwide factory closures nationwide will soon start to weigh on industrial output and disrupt supply chains in Emerging Asia.
“Many countries in the region export a large volume of intermediate goods to China’s industrial sector. Korea, Malaysia, Taiwan and Vietnam will likely be the most exposed,” said Capital Economics.
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
