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Thailand Industrial production June 2023

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%.

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