Bangkok, Oct 1 (IANS) Thailand’s manufacturing sector maintained its upturn in September but expanded at a slower rate due to lower increases in output and new orders, a survey showed on Tuesday.
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Bangkok, Oct 1 (IANS) Thailand’s manufacturing sector maintained its upturn in September but expanded at a slower rate due to lower increases in output and new orders, a survey showed on Tuesday.
The Southeast Asian country’s manufacturing purchasing managers’ index (PMI) was recorded at 50.4 last month, easing from 52.0 in August, signalling an overall improvement in manufacturing sector performance and marking the slowest growth in four months, according to S&P Global.
A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 reflects contraction, Xinhua news agency reported.
Despite both experiencing weakened expansion rates, new orders rose for the third-consecutive month and output grew for the fifth straight survey. This resulted in manufacturers being cautious about purchasing volumes, while backlogs of work rose for the fifth month…