Thailand’s manufacturing growth drops further in June ...Middle East

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Thailand’s manufacturing growth drops further in June
source : Daily Sun ( Middle East ) () 33
BANGKOK: Thailand’s manufacturing sector continued to expand but saw a further eased pace of growth in June due to slower new orders and a decline in business confidence, a survey showed on Monday, reported Xinhua.The country’s manufacturing purchasing managers’ index (PMI) was recorded at 53.2 last month, down from 58.2 in May and the record high rate of 60.4 in April, indicating a strong but lower growth momentum, according to S&P Global.A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below reflects contraction.According to the survey, the June figure marked a solid expansion for the eighteenth consecutive month as sustained demand growth supported h

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