Thailand: Manufacturing activity dips in March
Manufacturing output dropped 1.2% in month-on-month seasonally-adjusted terms in March, which contrasted February’s 1.5% increase.
On an annual basis, manufacturing production fell at a sharper rate of 4.6% in March (February: -2.4% yoy). Accordingly, the trend pointed down, with the annual average variation of manufacturing production coming in at minus 1.1% in March, down from February’s minus 0.6%.