Financial News: Thailand Manufacturing Sector Moves Back To Expansion -

Thailand Manufacturing Sector Moves Back To Expansion - S&P Global

06/03/2024 - 21:57:00 (RTTNews)

(RTTNews) - The manufacturing sector in Thailand bounced back up into expansion territory in May, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 50.3.

That's up from 48.6 in April and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

The PMI had positive contributions in May from the output, employment and suppliers' delivery times components. New orders had a negative influence for the eleventh month running, but the smallest over this period, while stocks of purchases also had a weaker negative influence.

Output rose in May, having declined in April for only the second time in nearly three years. The rate of expansion was the strongest since August 2023, and slightly sharper than the long-run survey trend.

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