Thailand: Manufacturing deteriorates in June
July 29, 2016
In June, manufacturing production increased 0.8% over the same month last year, which was well below the 2.7% increase seen in May and marked the lowest reading in four months. The result was mainly driven by a deterioration in the manufacturing of coke, refined petroleum products and nuclear fuel.
On a monthly basis, manufacturing output decreased 1.2% in seasonally-adjusted terms, which contrasted the 0.5% increase tallied in May. Moreover, annual average growth in industrial production inched up from 0.3% in May to 0.4% in June, thus hitting the highest figure since December 2013.
Author: Dirina Mançellari, Senior Economist