Thailand: Drop in manufacturing output softens in July
Manufacturing output fell 3.2% year-on-year in July, up from June’s revised 5.3% contraction (previously reported: -5.5% year-on-year). June’s drop had marked the strongest fall in production in over five years.
Manufacturing production in month-on-month terms expanded 1.1% in July, contrasting June’s 1.5% drop (previously reported: -2.2% month-on-month). The annual average variation in manufacturing output swung from a 0.4% expansion in June to a 0.3% drop in July, the lowest reading in over three years.