Thailand: Manufacturing activity deteriorates in June
Manufacturing production declined 0.2% month on month in seasonally adjusted terms in June (May: +3.1% mom).
On an annual basis, manufacturing production dove 5.2% in June, which was notably weaker than May’s 3.0% fall. Moreover, the trend pointed down, with the annual average variation of manufacturing production coming in at an over two-year low of minus 2.1%, down from May’s minus 1.7%.