Investor Presentaiton

Recovery in the global PMI is starting to moderate 5 Source: IMF Higher-frequency indicators point to softening momentum. 25- 20- 15- 10- LC 5 0 -5- Industrial production -10- Manufacturing PMI: New orders -15- Services PMI: New business -20- Monthly world trade volumes (seasonally adjusted, 2018 = 100, -25- right scale) -30 2018 19 -115 -112 -109 -106 -103 100 -97 -94 -91 -88 -85 82 20 Aug. 21 Bangkok Bank

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