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Bangkok Post
Bangkok Post
Business

EXPLAINED: Manufacturing expands for 5th month in a row | Rare Historical Photos

SP Poon Panichpibool Bank of Thailand Inflation
Mechanics inspect a car on a Honda assembly line in Prachin Buri. (Photo: Pattanapong Hirunard)

Thai manufacturing grew for the fifth consecutive month in May despite a fall in demand, with safety stock building one of the key factors driving the expansion.

The S&P Global Thailand Purchasing Managers Index (PMI) measured 51.9 in May, unchanged from April. The PMI figure represents manufacturing performance, and a number above 50 indicates expansion. The figure is calculated using Thai purchasing managers' responses to questions about their new orders, output, employment, suppliers' delivery times, and stocks of purchases.

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