BANGKOK: Thailand Manufacturing Purchasing Managers’ Index, or PMI, edged up for the third straight month in January, indicating improving conditions in the sector. The seasonally adjusted business activity index stood at 50.6 in January, up from 50.4 in December. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.
“The positive growth momentum in Thailand’s manufacturing economy seen at the end of last year extended into 2018,” said Bernard Aw, economist at IHS Markit, which compiles the survey.The latest PMI survey paints a generally positive economic picture, suggesting that additional monetary stimulus is not needed for the moment
