Thai Manufacturing Sector Continues To Contract - S&P Global

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-

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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.

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Thai Manufacturing PMI Sinks To 49.9 In Match - S&P

The manufacturing sector in Thailand fell into contraction in March, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 49.9.

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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.

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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.

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Thai Manufacturing Sector Falls Into Contraction - S&P Global

The manufacturing sector in Thailand fell back into contraction in January, the latest survey from S&P Global revealed on Monday with a PMI score of 49.6.

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Thai Manufacturing PMI Rises To 50.2 In November - S&P Global

The manufacturing sector in Thailand moved to expansion in November, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 50.2.

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Thai GDP Expands Most In 2 Years

The Thai economy grew at the fastest pace in two years in the third quarter on strong investment, exports and government spending, data from the Office of the National Economic and Social Development Council showed Monday. Gross domestic product climbed 3.0 percent on a yearly basis after rising revised 2.2 percent in the second quarter.

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Thai Manufacturing Sector Continues To Contract - S&P Global