Financial News: Thai Manufacturing Sector Continues To Contract

Thai Manufacturing Sector Continues To Contract - S&P Global

05/01/2025 - 20:41:00 (RTTNews)

(RTTNews) - The manufacturing sector in Thailand continued to contract in April, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 49.5.

That's down from 49.9 in March, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Central to the latest fall of the headline index is a reduction in new work. Incoming new business declined at the quickest pace since last April on the back of subdued economic conditions. Firms also mentioned that the earthquake in end-March negatively affected new business.

Additionally, export orders declined for the twentieth month in a row amid weak external conditions. Consequent of the slowdown in new order inflows, Thai manufacturers worked through existing orders to support a third monthly rise in production.

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Financial News: Thai Manufacturing Sector Continues To Contract - S&P

Thai Manufacturing Sector Continues To Contract - S&P Global

RECENT INTERNATIONAL FINANCIAL NEWS

INTERNATIONAL FINANCIAL NEWS

U.S. New Home Sales Spike From Downwardly Revised Level In April

Germany Logs Stronger Growth On Tariff Threats

French Consumer Confidence Weakens Unexpectedly In May

UK Retail Sales Growth Tops Expectations On Warm Weather

Germany's GDP Growth Revised Up To 0.4%