Thai Manufacturing Sector Slips Into Contraction - S&P Global

RTTNews | 731 days ago
Thai Manufacturing Sector Slips Into Contraction - S&P Global

(RTTNews) - The manufacturing sector in Thailand fell into contraction territory in August, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 48.9.

That's down from 50.7 in July and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction.

New work placed at Thai manufacturers declined for a second consecutive month in August on the back of deteriorating economic conditions. The pace of reduction was solid and the fastest in nine months.

That was despite new export orders remaining in growth territory. Foreign sales were supported by improvements in demand at key export destinations according to panelists. Manufacturing production expanded at the slowest pace in nearly two years.

read more
Thai Economic Growth Slows In Q2

Thai Economic Growth Slows In Q2

Thailand's economy grew at a softer pace in the second quarter largely due to the slowdown in tourist arrivals, official data revealed on Monday. Gross domestic product expanded 2.8 percent year-on-year in the second quarter, slower than the 3.2 percent growth posted in the first quarter, the National Economic and Social Development Council said.
RTTNews | 13 days ago
Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | 105 days ago
Thai Central Bank Cuts Rate By 25 Bps

Thai Central Bank Cuts Rate By 25 Bps

The Bank of Thailand reduced its benchmark interest rate by a quarter-point, as expected, to withstand the downside risks to the growth outlook amid the heightened uncertainty posed by trade policies of major economies. The Monetary Policy Committee voted 5-2 to cut the policy rate to 1.75 percent from 2.00 percent. Two members voted to maintain the interest rate at 2.00 percent.
RTTNews | 123 days ago
Thailand Cuts Key Interest Rate By 25 Bps

Thailand Cuts Key Interest Rate By 25 Bps

The Thai central bank reduced its key interest rate on Wednesday to address the increasing downside risks to the economy amid persistently low inflation. The Monetary Policy Committee of Bank of Thailand voted 6-1 to cut the policy rate by 25 basis points to 2.00 percent from 2.25 percent. One rate-setter preferred to keep the rate unchanged.
RTTNews | 186 days ago