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Financial News: Thailand Manufacturing Sector Picks Up Steam - Nikkei

Thailand Manufacturing Sector Picks Up Steam - Nikkei

05/01/2019 - 21:25:00 (RTTNews)

(RTTNews) - The manufacturing sector in Thailand continued to expand in April, and at a faster rate, the latest survey from Nikkei revealed on Thursday with a manufacturing PMI score of 51.0.

That's up from 50.3 in March, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, order book growth accelerated at a survey-record rate. There was expansion in production, purchasing activity and inventories.

Optimism reached its highest level in more than three years. Anecdotal evidence suggested that greater political certainty, an improved economic environment and higher sales projections were reasons for optimism.

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