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Financial News: Thai Manufacturing PMI Dips To 49.7 In May

Thai Manufacturing PMI Dips To 49.7 In May

05/31/2017 - 21:31:00 (RTTNews)

(RTTNews) - The manufacturing sector in Thailand continued to contract in May, albeit at a fractional pace, the latest survey from Nikkei revealed on Thursday with a manufacturing PMI score of 49.7.

That's down from 49.8 in April, and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new orders and production were broadly stagnant, while workforce numbers continued to shrink.

There was a mild rise in output prices as cost pressures eased.

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