Thailand: Manufacturing contracts less in December
January 30, 2015
In December, manufacturing production fell 0.3% over the same month of the previous year, which was up from the 3.7% decrease recorded in November. December’s reading, which was the softest decline in nearly two years, marked the 20th consecutive drop in manufacturing output. The decline was mainly driven by falling output in the manufacturing of electronics and cars.
On a monthly basis, manufacturing output rose 0.6% in seasonally-adjusted terms, which contrasted the 1.2% increase recorded in November. In addition, annual average growth in industrial production inched up from minus 5.0% in November to minus 4.5% in December.
Author: Dirina Mançellari, Senior Economist