Core Insights - The Asian manufacturing Purchasing Managers' Index (PMI) for September 2025 stands at 50.9%, remaining stable compared to the previous month and marking five consecutive months above 50 [1] - The average PMI for Asian manufacturing in Q3 is 50.8%, an increase of 0.4 percentage points from Q2 [1] - China's manufacturing PMI has shown a continuous month-on-month increase for two months, with a larger growth rate compared to the previous month [1] - India's manufacturing PMI has decreased from the previous month but remains above 57 [1] - Among ASEAN countries, Thailand and Myanmar have seen significant increases in their manufacturing PMIs, both above 53, while Vietnam, Indonesia, and Singapore are slightly above 50, and the Philippines and Malaysia are below 50 [1] - Japan and South Korea's manufacturing PMIs have shown mixed results, with one declining and the other increasing, with Japan below 50 and South Korea above 50 [1] - Overall, the Asian economy is experiencing stable expansion in Q3, with stronger growth momentum compared to Q2, and demonstrating greater resilience than Europe, the Americas, and Africa [1] - Policy support for economic recovery from major Asian countries is robust, and the Regional Comprehensive Economic Partnership (RCEP) has played a significant role in enhancing regional trade cooperation [1] - The global manufacturing PMI for September 2025 is at 49.7%, a slight decrease of 0.2 percentage points from the previous month [1]