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Financial News: Thailand Manufacturing PMI Improves In May - IHS

Thailand Manufacturing PMI Improves In May - IHS Markit

05/31/2020 - 21:10:00 (RTTNews)

(RTTNews) - The manufacturing sector in Thailand continued to contract in May, albeit at a slower rate, the latest survey from IHS Markit revealed on Monday with a manufacturing PMI score of 41.6.

That's up from 36.8 in April, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, Production volumes remained sharply lower - while new orders fell again, led by a record decline in exports.

Business sentiment remained deeply negative as firms worried about excess capacity sought to contain costs by cutting staff numbers in May.

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