empty
 
 

2020.03.0205:31:00UTC+00Thai Manufacturing Conditions Deteriorate In February

Operating conditions in Thailand's manufacturing sector deteriorated in February, survey results from IHS Markit showed Monday.

The manufacturing Purchasing Managers' Index fell to 49.5 in February from 49.9 in January. A score below 50 indicates contraction.

Lower sales contributed to a decline in backlogs of work which, in turn, dampened hiring. Employment decreased for the seventeenth consecutive month.

Meanwhile, inventories of both input and finished goods shrank further. On the price front, the survey data showed subdued price pressures in February.

Business confidence remained subdued with concerns of weakening economic conditions, declining profits and the impact of the coronavirus outbreak weighing on growth.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback