Thailand manufacturing PMI slows in October. | So Good News


Thailand’s manufacturing sector continued to expand in October despite slowing, S&P Global’s latest survey showed on Tuesday with a manufacturing PMI score of 51.6.

That’s still above the 50 boom-or-bust line that separates expansion from contraction, but it’s down from 55.7 in September.

Manufacturing output in Thailand continued to expand in October, with firms taking out orders at the second-fastest pace on record. But the broad current demand picture has worsened, with new orders at the fastest pace since mid-2020 (around the height of the COVID-19 pandemic).

Thai manufacturers reported a decline in new arrivals due to weak economic conditions and increased competition. Economy. Foreign demand for Thai-made goods weakened in October due to high inflation.

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