TOKYO -- The Nikkei Thailand Manufacturing Purchasing Managers' Index, or PMI, dropped to 50.2 in March from 50.6 in February.
A reading above 50 indicates economic expansion, while one below 50 points toward contraction. The latest data showed an improvement in business conditions for the fourth straight month.
"While the sector grew further it did so at a slower rate, as lower job numbers, reduced inventories and less busy suppliers weighed on sectoral performance," said Bernard Aw, economist at IHS Markit, which compiles the survey.
"Moreover, Thai manufacturers are increasingly less optimistic about the level of output in the year ahead," he said. Future output index was 51.6, but it dipped to the lowest in the 16-month series history.
For more information, visit: