Thailand's manufacturing sector remains stagnant in September
TOKYOâ"Thailandâs manufacturing sector was unchanged in September, showing some signs of deflation.
The Nikkei Thailand Manufacturing Purchasing Managersâ Index, or PMI, stood at 50.0 in September, slightly higher than 49.9 in August. A reading below 50 points toward contraction, and a reading above 50 indicates economic expansion.
While output fell, new orders including exports rose adding pressure to operating capacity. Firms raised staff numbers for the first time in 20 months, however input costs fell in September after a year of rising pricing, suggesting a start of deflation.
âFactory activity in the third quarter was largely stagnant, attributed in part to weak sales,â said Bernard Aw, principal economist at IHS Markit, which compiles the survey. âBusiness confidence slipped further, with Thai manufacturers mostly neutral towards future output in the year ahe ad.â
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