Thailand’s manuf. sector gains momentum in July

Thailand’s manufacturing sector continued its expansion in July, with the headline S&P Global Thailand Manufacturing Purchasing Managers’ Index (PMI) rising to a 13-month high of 52.8.

The index, which measures manufacturing performance, remained above the crucial 50-point mark, indicating overall improvement in the sector.

The uptick was primarily driven by a renewed increase in new orders, ending a 12-month period of decline.

New business in July was strong, exceeding the long-term trend, with manufacturers reporting new work from existing and new customers.

This growth led to increased output, accelerating to the fastest pace since May 2023 and surpassing the survey average.

Attribution: S&P Global Thailand Manufacturing PMI