Thailand's Manufacturing Sector Shrinks Further In September
Ijaz Ahmad Published October 02, 2023 | 06:15 PM
Thailand's manufacturing sector shrank at a faster rate in September due to a sharp decline in new orders, while soft demand continued to weigh on employment, a survey showed on Monday
BANGKOK, (UrduPoint/Pakistan Point Mews Oct 02, 2023) :-- Thailand's manufacturing sector shrank at a faster rate in September due to a sharp decline in new orders, while soft demand continued to weigh on employment, a survey showed on Monday.
The country's manufacturing purchasing managers' index (PMI) was recorded at 47.8 last month, down from 48.
9 in August, signaling a further slip in operating conditions and at the fastest pace since May 2021, according to S&P Global.
A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 reflects contraction.
According to the survey, the contraction was mainly attributed to a third-straight-month decline in new orders.
Meanwhile, incoming new business decreased at the fastest pace on record, with the exception of the severe pandemic-related reductions in the second quarter of 2020.
Related Topics
Recent Stories
German Consul General Dr. Rudiger Luts visits UoB
IHC issues notices to respondents in campaign against judges cases
Amazonian chief at UN to combat traditional knowledge piracy
Farewell ceremony for outgoing SP Saddar
2 officials of SFA arrested for extorting bribe
NCHR creates awareness of Human Rights through movies, short documentaries
Azma says no justification for demand to shift PTI chairman, wife to KP
Food Department rebuttal news of procuring wheat from blue-eyed middlemen
Nearly 450,000 Gazans now uprooted from Rafah amid relentless Israeli bombardmen ..
RCCI to host 16th All Pakistan Chambers Presidents’ Conference
DLE, CCP sign MoU for raising awareness among law students, lawyers
Finance minister meets PBC delegation
More Stories From World
-
Riots rock France's New Caledonia over voting reform
1 hour ago -
Floods unite Brazilians in solidarity despite political rift
2 hours ago -
Paris Holocaust memorial hit with red hand graffiti
2 hours ago -
Quarter of Gazans displaced again as fighting rages north to south
2 hours ago -
Biden sharply hikes US tariffs on Chinese EVs and chips
2 hours ago -
Thousands rally in Georgia after parliament passes 'foreign influence' law
2 hours ago
-
Massive manhunt after French prison officers killed, inmate escapes in ambush
2 hours ago -
In big change, Google to use AI-generated answers in search results
3 hours ago -
Emergency blackouts introduced across Ukraine
3 hours ago -
McIlroy files for divorce from wife Erica
3 hours ago -
Duran double salvages draw for Aston Villa against Liverpool
3 hours ago -
Amazonian chief at UN to combat traditional knowledge piracy
4 hours ago