Thailand: Manufacturing production falls at sharpest rate since April in November
Manufacturing output fell at a sharper year-on-year rate of 4.7% in November (October: -4.3% yoy). Conversely, the trend improved slightly, with the annual average variation of manufacturing production coming in at minus 5.3% in November, up from October’s minus 5.4%.
Meanwhile, manufacturing production dropped 2.6% month-on-month in seasonally adjusted terms in November (October: -2.1% mom). November’s result marked the worst reading since April.