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Economy

Thailand's manufacturing PMI rebounds to expansion in September

TOKYO -- The Nikkei Thailand Manufacturing Purchasing Managers' Index, or PMI, rebounded to growth for the first time in three months in September, with both output and new orders growing. 

The composite indicator of manufacturing performance stood at 50.3 in September, up from 49.5 in August.

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

"Goods producers across Thailand benefited from rising domestic demand as well as strong export sales," said Bernard Aw, principal economist at IHS Markit, which compiles the survey.

"Meanwhile, there were signs of renewed inflationary pressures as higher costs for manufacturing inputs fed through to hikes in selling prices," the economist added.

(Nikkei)

For more information, visit:

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

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