Manufacturing conditions deteriorated at the end of the first quarter following three months of improvement, a Nikkei Thailand Manufacturing study has found. Falls in output, new orders and input inventories weighed on the company’s purchasing managers index (PMI).
Factory job numbers fell further, while pressure on supply chains eased. For the first time in the survey’s history, business confidence was negative.
On the price front, inflationary pressures softened in March. The seasonally adjusted PMI fell from 50.9 in February to 49.1 in March, marking the first deterioration in the health of the sector for five months.
The latest reading was also the lowest since November 2016, although the rate of decline was marginal overall. Moreover, the average PMI reading for the first quarter was the highest for a year.
MORE MYANMAR FLIGHTS
Bangkok Airways has announced additional non-stop flights between Bangkok and the Myanmar city of Mandalay, bringing the total number of weekly flights on the route to 11 in order to serve increasing demand.
The additional service comes into effect on July 1, the carrier said yesterday.
The new outbound flight PG713 will depart from Suvarnabhumi airport at 5pm and arrive at Mandalay International Airport at 6:25pm every Monday, Wednesday, Friday and Sunday.
Inbound flight PG714 will depart at 7pm and arrive in Bangkok at 9.35pm the same day.
Bangkok Airways uses a 162-seater Airbus A320 aircraft on the route.
USED CARS ON SHOW
Alongside the 39th Bangkok International Motor Show at IMPACT’s Challenger Hall, organiser Grandprix International is staging the 10th Bangkok Used Car Show at the adjacent IMPACT Muang Thong Thani Halls 2-4.
Fourteen used-car dealers are participating in the event, which kicked off yesterday.