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Thailand Manufacturing Sector Expands In December

Thailand's manufacturing activity expanded for the first time in eight months in December, driven by rises in new orders and output, survey figures from IHS Markit showed Friday.

The seasonally adjusted headline Nikkei Purchasing Managers' Index, or PMI, rose to 50.6 in December from 48.2 in November. Any reading above 50 indicates expansion, while a score below 50 suggests contraction in the sector.

Among components, recovery in both output and new orders, together with renewed job creation and higher pre-production stockpiling lifted the headline index.

On the price front, input prices rose at the fastest pace since March. As a result, firms raised their selling prices to ease the squeeze on profit margins.

"The improvement in global manufacturing conditions so far in the fourth quarter, led by developed economies, bodes well for Thai goods producers in the coming months," Bernard Aw, Economist at IHS Markit, said.

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