Thailand: Growth in manufacturing output eases markedly in November
December 28, 2018
Manufacturing production moderated strongly to a 1.0% year-on-year expansion in November from an upwardly revised 5.8% increase in October (previously reported: +4.1% year-on-year) and came in below market expectations. The result mainly reflected a double-digit contraction in the manufacturing of rubber and plastic products while manufacturing of food products, and computer, electronic and optical products expanded at a soft pace. Production of motor vehicles, trailers and semi-trailers expanded strongly, however.
On a seasonally-adjusted month-on-month basis, manufacturing production eased from a 2.6% expansion in October to a 1.5% increase in November. Lastly, annual average manufacturing output grew 3.3% in November, down from 3.7% in October.
Author: Jan Lammersen, Economist