Operating conditions across Thailand's manufacturing sector improved in June, with the headline S&P Global Thailand Manufacturing Purchasing Managers' Index (PMI) coming in at 53.6, according to data released on Wednesday.
The latest reading, which provides a gauge of factory sector conditions, compared with the 52.6 recorded in the previous month and beat market expectations of 53 tracked by Trading Economics. A reading above 50 indicates an expansion in sector performance compared to the prior month, while a figure below signals a contraction.
The improvement was driven by faster growth in new orders and output among Thai manufacturers. However, inflation rates for both input costs and output prices fell from highs recorded in April.
Employment within the sector was little-changed since May, according to the survey.