Thailand Manufacturing PMI Fades In September - S&P Global

(RTTNews) - The manufacturing sector in Thailand continued to expand in September, albeit at a slower rate, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 50.4.

That's down from 52.0 in August 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% of the weight of the headline figure. Suppliers' delivery times (15% weight) and stocks of purchases (10%) had slightly negative impacts, the latter for the twelfth month running.

The volume of new orders rose for the third month in a row in September, although the rate of growth was only marginal. This led to the slowest rise in output of the current five month period of expansion.