Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
December industrial data showed that Thailand’s manufacturing sector remains depressed and that the January S&P Global manufacturing PMI, released February 1, is likely to print below 50 for the sixth consecutive month. December manufacturing production deteriorated further declining 6.3% y/y after -4.7% the previous month, when an improvement to -3% y/y was expected. The 3-month average travelled around -5% y/y for 2023 and the industry minister expects it to expand 2-3% in 2024. Capacity utilisation fell around 2.5points to 55.25. Last week the IMF noted that Thailand is underperforming ASEAN and needs to focus on structural reforms to improve competitiveness. It also warned there were numerous external and domestic risks to the outlook.
Thailand manufacturing sector
Source: MNI - Market News/Refinitiv/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.