Thailand Manufacturing Falls Into Contraction

The manufacturing sector in Thailand turned to contraction in July, the latest survey from Nikkei showed on Tuesday with a manufacturing PMI score of 49.6.

That’s down from 50.1 in June, and it slides beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there was a renewed fall in output and employment, while new orders were stagnant.

Firms raised charges despite slower cost increases.

The material has been provided by InstaForex Company – www.instaforex.com

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