TOKYO -- The Nikkei Thailand Manufacturing Purchasing Managers' Index, or PMI, came in at 50.6 in February, unchanged from January's reading.
A reading above 50 indicates economic expansion, while one below 50 points toward contraction. The latest figure showed an improvement in business conditions for the third straight month.
Expansions in output, new orders and stocks of purchases strengthened Thailand's manufacturing industry's business conditions. But a slight dip in employment numbers restrained the overall improvement, according to IHS Markit, which compiles the survey.
"Overall, prospects for the Thai economy look slightly brighter in 2017," said Bernard Aw, an economist at IHS Markit. "Continued support from public expenditure and recovery in private consumption and investment, alongside strengthening export growth will drive further improvement in Thailand's manufacturing industry."
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