---
title: "Morgan Stanley: Non-tech export recovery is expected to boost employment and consumption prospects in Asia"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/265262504.md"
description: "Morgan Stanley economists released a report stating that non-tech export products are expected to recover starting early next year, which may improve the employment market situation in Asia and boost consumer spending. Consumer spending in Asia has remained sluggish over the past six months, and economists believe that the main factors constraining consumer spending are weak wage growth, declining wages for entry-level positions, and sluggish job creation, rather than household debt issues. These trends have previously been dragged down by trade tensions affecting non-tech exports. The bank added that as multiple countries reach trade agreements to ease trade tensions, there is hope for support to employment and ultimately boost consumption, with this positive shift expected to become evident starting in early Q2 2026"
datetime: "2025-11-11T04:24:25.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/265262504.md)
  - [en](https://longbridge.com/en/news/265262504.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265262504.md)
---

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# Morgan Stanley: Non-tech export recovery is expected to boost employment and consumption prospects in Asia

On November 11th, Jin10 Data reported that Morgan Stanley economists released a report stating that non-tech export products are expected to recover starting early next year, which may improve the employment market situation in Asia and boost consumer spending. Over the past six months, consumer spending in Asia has remained sluggish, and economists believe that the main factors constraining consumer spending are weak wage growth, declining wages for entry-level positions, and weak job creation, rather than household debt issues. These trends have previously been dragged down by trade tensions affecting non-tech exports. The bank added that as multiple countries reach trade agreements to ease trade tensions, it is expected to support employment and ultimately boost consumption, with this positive shift anticipated to begin to manifest in early Q2 2026

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- [Morgan Stanley (MS.US)](https://longbridge.com/zh-CN/quote/MS.US.md)

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