Thai Manufacturing Sector Accelerates In September - S&P Global
(RTTNews) - The manufacturing sector in Thailand continued to expand in September, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 54.6.
That's up from 52.7 in August and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
In line with the headline index, new orders and output both rose at the fastest pace since May 2023. Effective business development efforts and better underlying demand conditions spurred the growth in new sales, according to panelists. Demand growth was limited to the domestic market, however, as new export orders declined for a second straight month and at the quickest rate since March.
To cope with higher workloads, Thai manufacturers lifted their workforce capacity for the second time in three months. Although marginal, the rate of job creation was the strongest in a year.
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