Thailand's Factory Activity Growth Slows in August

Thailand's manufacturing activity eased in August after hitting a seven-month high the previous month, with the headline S&P Global Thailand Manufacturing Purchasing Managers' Index (PMI) coming in at 53.8, according to data released on Tuesday.

The latest reading, which provides a gauge of factory sector conditions, compared with the 54.2 reading recorded in July.

A reading above 50 indicates an expansion in sector performance compared to the prior month, while a figure below signals a contraction.

The monthly momentum was driven by strong rates of output and new order growth, while business optimism reached its highest level since January. Manufacturing production volumes accelerated to the second-fastest rate so far this year.

What else is happening in International?

International13d ago

Saudi Arabia's Private Bank Lending Climbs 5.6% in July

Saudi Arabia's private bank lending grew 5.6% year over year in July, after a 6.8% rise in June, the Saudi Central Bank said Sunday.

^TASI

International13d ago

Saudi Arabia's M3 Money Supply Up 8.2% in July

Saudi Arabia's M3 money supply increased 8.2% year over year in July, following an 8.4% rise in the previous month, the Saudi Central Bank said Sunday.

^TASI

International13d ago

New Zealand Lending Grows in July as Housing, Agricultural Loans Rise

New Zealand's lending from registered banks and non-bank lending institutions increased in July, driven by growth in housing and agricultural lending, while personal consumer and business lending edged lower compared with the previous month, according to data from the Reserve Bank of New Zealand released on Monday.Total housing loans from registered banks and non-bank lending institutions in New Zealand grew to NZ$401.94 billion in July from NZ$400.51 billion in June. Total personal consumer lending fell to NZ$14.43 billion in July from NZ$14.49 billion in the previous month.Total business lending decreased to NZ$142.86 billion in the period, from NZ$143.14 billion. Meanwhile, agricultural lending rose to NZ$65.24 billion in July, from NZ$64.5 billion in the previous month.

^NZ50