According to a recent survey from S&P Global released on Monday, Thailand’s manufacturing industry maintained its growth trajectory in August; however, the expansion slowed down compared to the previous month.
The manufacturing Purchasing Managers’ Index (PMI) dropped to 52.0 from 52.8 in July, remaining above the 50-point mark that separates growth from contraction.
Key components contributing to the PMI included new orders, output, and employment, with these factors accounting for 75 percent of the overall score. Suppliers’ delivery times were deemed neutral, while stocks of purchases continued to have a negative impact for the eleventh consecutive month.
In August, there was an increase in new orders for the second consecutive month, driven by both new clients and enhanced contracts with existing customers. This uptick led to another substantial rise in output for the fourth consecutive month, albeit at a slightly slower pace compared to June and July.
