Thailand’s PMI falls to 49.7 in May
The Nikkei Thailand Manufacturing Purchasing Managers’ Index, or PMI, fell marginally to 49.7 in May from 49.8 in April. A reading above 50 indicates economic expansion, while one below 50 points toward contraction. May’s data marked the second consecutive month of contraction. “Latest survey data showed a dip in output for the first time since November, albeit only negligibly, while new orders barely increased,” said Bernard Aw, economist at IHS Markit, which compiles the survey.
