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Manufacturing Still Weak, Tomorrow PMI & Confidence Data Print

THAILAND

Manufacturing production for September fell 6.1% y/y an improvement from August’s -7.75% but not as good as expected. Capacity utilisation rose slightly to 58% from a downwardly-revised 57.9%. On Wednesday the S&P Global manufacturing PMI and Bank of Thailand business confidence data for October will be released. The PMI has been trending down since its record high in April and has implied output contracted in August/September. Business confidence has painted a more positive outlook though and merchandise export growth improved over Q3.

Thailand manufacturing

Source: MNI - Market News/Bloomberg/Refinitiv

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