Thai Manufacturing Sector Fades In June - S&P Global

RTTNews | Pred 1132 dňami
Thai Manufacturing Sector Fades In June - S&P Global

(RTTNews) - The manufacturing sector in Thailand continued to expand in June, albeit at a slower pace, the latest survey from S&P Global showed on Friday with a manufacturing PMI score of 50.7.

That's down from 51.9 in May although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The headline PMI was consistent with a sixth month of improvement in the health of the Thai manufacturing sector. That said, the rate of growth was mild and the slowest in the current sequence of expansion.

Looking beyond the headline figure, June data indicated that production across the Thai manufacturing sector expanded for a tenth month running. That said, the rate of growth fell considerably from May to a five-month low. Anecdotal evidence suggested that declining market demand weighed negatively on production volumes.

read more
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 | Pred 79 dňami
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 | Pred 98 dňami
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 | Pred 161 dňami
Thai GDP Expands Less Than Forecast

Thai GDP Expands Less Than Forecast

The Thai economy grew at a slower than expected pace in the fourth quarter on contracting private investment and decelerating government spending, official data revealed Monday. Gross domestic product logged an annual growth of 3.2 percent in the fourth quarter after rising 3.0 percent in the third quarter, the Office of the National Economic and Social Development Council said.
RTTNews | Pred 170 dňami