Financial News: Thailand Manufacturing Sector Slows In August - S&P

Thailand Manufacturing Sector Slows In August - S&P Global

(RTTNews) - The manufacturing sector in Thailand continued to expand in August, albeit at a slower rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.0.

That's down from 52.8 in July, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The PMI had positive contributions from new orders, output and employment, which together account for 75 percent of the weight of the headline figure. Suppliers' delivery times (15 percent weight) was neutral while stocks of purchases (10 percent) had a negative impact for the eleventh month running.

The volume of new orders rose for the second month in a row in August, reflecting both new customers and larger contracts with existing clients. This contributed to another strong expansion in output, the fourth in successive months, albeit at a slightly softer rate than in June and July.

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