TOKYO -- Thailand's manufacturing sector grew only marginally in July. New orders and employment fell, while output rose.
The Nikkei Thailand Manufacturing Purchasing Managers' Index, or PMI, stood at 50.1 in July, only slightly down from 50.2 in June. A reading above 50 indicates economic expansion. A reading below 50 points toward contraction.
"The recent strong of expanded production helped firms work through their backlogs," said Bernard Aw, principal economist at IHS Markit, which compiles the survey. "Consequently, the level of unfinished work fell for the first time in six months."
"Some good news came from a return to growth for export sales, though current global trade conditions and rising trade tensions could weigh on future export performance," Aw noted.
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