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Financial News: Thai Manufacturing Sector Falls Into Contraction - S&P

Thai Manufacturing Sector Falls Into Contraction - S&P Global

02/02/2025 - 19:39:00 (RTTNews)

(RTTNews) - The manufacturing sector in Thailand fell back into contraction in January, the latest survey from S&P Global revealed on Monday with a PMI score of 49.6.

That's down from 51.4 in December and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.

The negative impacts on the headline figure in January were from lower new orders, output and stocks of purchases. The employment component was broadly neutral while suppliers' delivery times had a slightly positive impact.

Having risen solidly in December, the volume of new orders declined at the start of 2025. This was only the second time in seven months that demand weakened, and the rate of contraction was only mild. Lower new work led to the first decrease in output in nine months, albeit at only a marginal rate.

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