The manufacturing sector in Thailand continued to contract in April, and at a much steeper pace due to the Covid-19 pandemic, the latest survey from the IHS Marketing revealed on Tuesday with a manufacturing PMI score of 36.8.
That’s down sharply from 46.7 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, production volumes and new orders both slumped, while there was a record rate of job losses as spare capacity increased.
Business expectations remain severely pessimistic amid the pandemic.
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