Thai Manufacturing Sector Fades In June - S&P Global

RTTNews | 1533 days ago
Thai Manufacturing Sector Fades In June - S&P Global

(RTTNews) - The manufacturing sector in Thailand continued to expand in June, albeit at a slower pace, the latest survey from S&P Global showed on Friday with a manufacturing PMI score of 50.7.

That's down from 51.9 in May although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The headline PMI was consistent with a sixth month of improvement in the health of the Thai manufacturing sector. That said, the rate of growth was mild and the slowest in the current sequence of expansion.

Looking beyond the headline figure, June data indicated that production across the Thai manufacturing sector expanded for a tenth month running. That said, the rate of growth fell considerably from May to a five-month low. Anecdotal evidence suggested that declining market demand weighed negatively on production volumes.

read more
Thai GDP Growth Weakens In Q2

Thai GDP Growth Weakens In Q2

Thailand's economy logged a slower growth in the second quarter on softer consumption and tourism related activities but the outlook for the year was upgraded citing strong investment, spending and exports. Gross domestic product grew 1.9 percent from the previous year, which was slower than the 2.8 percent expansion posted in the first quarter
RTTNews | 25 days ago
Thai GDP Growth Beats Expectations

Thai GDP Growth Beats Expectations

Thailand's economy grew more than expected in the first quarter, underpinned by resilient domestic demand and strong exports, while regional peers reported weaker growth due to the impact of the war in the Middle East. Gross domestic product logged an annual growth of 2.8 percent in the first quarter, the National Economic and Social Development Council said Monday.
RTTNews | 116 days ago
Thai GDP Growth Accelerates On Domestic Demand

Thai GDP Growth Accelerates On Domestic Demand

Thailand's economic growth accelerated more than expected in the fourth quarter on strong domestic demand, official data revealed Monday. The annual growth in gross domestic product more than doubled to 2.5 percent in the fourth quarter from 1.2 percent in third quarter, the National Economic and Social Development Council reported. Economists had forecast the rate to ease to 1.0 percent.
RTTNews | 207 days ago
Thai Central Bank Cuts Rate By 25 Bps

Thai Central Bank Cuts Rate By 25 Bps

Thailand's central bank lowered its key interest rate by a quarter-point on Wednesday as economic growth is forecast to moderate further amid subdued inflation. The Monetary Policy Committee of the Bank of Thailand unanimously decided to cut the policy rate by 25 basis points to 1.25 percent from 1.50 percent. Previously, the bank had lowered the policy rate by 25 basis points each in August.
RTTNews | 268 days ago