Thai Manufacturing Sector Continues To Contract - S&P Global

(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.