Financial News: Thai Manufacturing Sector Accelerates In June - S&P

Thai Manufacturing Sector Accelerates In June - S&P Global

(RTTNews) - The manufacturing sector in Thailand picked up steam in June, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 51.7.

That's up from 51.2, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Manufacturing production growth accelerated to a solid pace in June. The rate at which output rose was the fastest in almost a year, underpinned by rising new work inflows. Sales promotions and successful business development efforts spurred growth in new orders placed at Thai manufacturers, with new export orders also increasing in tandem.

Although modest, the rate of expansion for overall new orders was the quickest so far this year. To accommodate higher production, Thai goods producers raised their purchasing activity for the first time in four months.

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