Thailand’s manufacturing grows first time in eight months

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.