In August, the manufacturing sector in Thailand continued its expansion, though at a more moderate pace, according to the latest survey from S&P Global. The survey reported a manufacturing Purchasing Managers' Index (PMI) score of 52.0.
This figure represents a decrease from July's score of 52.8 but remains above the crucial 50-mark threshold that distinguishes expansion from contraction.
Key drivers of the PMI included new orders, output, and employment, collectively accounting for 75 percent of the headline figure's weight. Suppliers' delivery times, representing 15 percent, had a neutral impact, while stocks of purchases, which make up the remaining 10 percent, negatively influenced the index for the eleventh consecutive month.
New orders increased for the second consecutive month in August, driven by both new customers and larger contracts with existing clients. This uptick supported another robust output expansion, marking the fourth consecutive month of growth, albeit at a slightly slower pace compared to June and July.
