Thailand: Manufacturing production slips in March
April 28, 2017
In March, manufacturing production decreased 0.5% from the same month last year, which was a softer decline than the 1.1% drop in February. March’s figure also differed from the 1.7% decline that analysts had expected. Manufacturing of motor vehicles and furniture contracted, offsetting the gains made in electronics output, which is a combination of home electronics and office equipment.
On a monthly basis, manufacturing output increased a seasonally-adjusted 0.7% in March, contrasting the 0.6% drop in February. Annual average growth in manufacturing production was 1.7% in March, below February’s 2.0%.