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Economy

Thailand's PMI returns to expansion in June

TOKYO -- The Nikkei Thailand Manufacturing Purchasing Managers' Index, or PMI, rose to 50.4 in June from 49.7 in May.

A reading above 50 indicates economic expansion, while one below 50 points toward contraction.

"Output growth restarted and the expansion in new business strengthened, supported by a further increase in exports," said Bernard Aw, economist at IHS Markit, which compiles the survey.

"However it will be premature to suggest that Thailand's manufacturing industry is on an upswing. Other survey indices pointed towards lackluster growth in coming months," he added.

(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

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