Thailand’s manufacturing sector slows to 52.0% in August

Thailand’s S&P Global Thailand Manufacturing Purchasing Managers’ Index (PMI) remained above the no-change mark of 50.0, indicating an overall improvement in performance for the fourth consecutive month.

The headline figure decreased from July’s 13-month high of 52.8 to 52.0 but remained significantly higher than the long-term average of 50.0, according to the latest data published by S&P Global on Monday.

The headline PMI was primarily bolstered by positive contributions from new orders, output, and employment, which together account for 75 per cent of the index’s weight.

In August, new orders continued to increase, driven by new customers and larger contracts with existing clients, resulting in a strong expansion in output, albeit at a slightly slower pace than in the previous two months.

Attribution: S&P Global Thailand Manufacturing PMI report

Subediting: M. S. Salama