Published Date: 18/03/2025
- The manufacturing activities remained sluggish with the PMI in Feb stayed below the 50 no-change mark for the third month running due to subdued demand.
- The decline in fuel prices helped offset rising pork prices, thereby slowing the pace of inflation, with CPI rising by 2.9% yoy in Feb and 3.3% yoy in 2M2025 (compared to a 3.7% yoy increase in 2M2024). We expect the average CPI for 2025 to rise by 3.9% yoy.
