empty
 
 

2024.01.3123:50:00UTC+00Thai Manufacturing PMI Improves To 46.7 In January - S&P

The manufacturing sector in Thailand continued to contract in January, albeit at a slower rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 46.7.

That's up from 45.1 in December, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

The volume of incoming new orders for Thai manufactured goods fell for a seventh consecutive month at the start of 2024. This was reflective of softer economic conditions and reduced demand from clients according to survey respondents. Foreign demand was likewise subdued, though the pace of export order contraction was shallower compared to the marked pace of decline for overall new orders.

Despite the reduction in new work, manufacturing production returned to growth at the start of 2024 with Thai manufacturers working through their existing orders.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback