Thailand’s manufacturing grows first time in eight months
by ChemOrbis Editorial Team - content@chemorbis.com
According to the data from IHS Markit, Thailand’s manufacturing activity grew for the first time in December after eight months. The data showed the manufacturing PMI increased to 50.6 in December from 48.6 in November. Any reading above 50 indicates an expansion while any figure below 50 represents a contraction.
The expansion in the manufacturing performance in December was attributed to the increase in new orders and output as well as new job creation, the data showed.
The economists predict that the global improvement in the manufacturing sector in the fourth quarter of 2016 will positively affect Thai goods producers in the near future.
The expansion in the manufacturing performance in December was attributed to the increase in new orders and output as well as new job creation, the data showed.
The economists predict that the global improvement in the manufacturing sector in the fourth quarter of 2016 will positively affect Thai goods producers in the near future.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Will PE supplies from China flock to SEA?
- LDPE, LLDPE highest since Q3 2018; HDPE at 6-month high in Europe
- Intensifying trade war adds to bearishness in China’s local PP, PE markets
- PET prices hit multi-month lows in Asia and Europe
- Rising momentum fizzles out in European PS, ABS markets
- European PVC offers to Turkey shrug off higher costs
- Asian PVC players hold firm expectations for June
- May PP, PE offers to Mid-East, Africa remain stable to firm
- Global energy producers report lower Q1 results amid volatile crude prices
- China’s Q1 polymer imports set a new record near 6 million tons
