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Thai Manufacturing PMI Falls To Record Low

The manufacturing sector in Thailand continued to contract in March, and at a faster rate, the latest survey from IHS Markit revealed on Wednesday with a record low manufacturing PMI score of 46.7.

That’s down from 49.5 in February and it slips further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, declines in both production volumes and new orders accelerated, while there was a record rate of job losses as spare capacity increased.

The business outlook turned pessimistic for the first time since June 2018.

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