Thailand: Manufacturing improves in May
July 14, 2016
In May, manufacturing production increased 2.6% over the same month last year, which was up from the 0.9% increase observed in April and marked the highest figure in 10 months. The result was mainly driven by increasing refinery output and textiles manufacturing.
On a monthly basis, manufacturing output increased 0.3% in seasonally-adjusted terms, which contrasted the 0.7% decrease tallied in April. Moreover, annual average growth in industrial production moved up from 0.1% increase in April to a 0.3% rise in May.
Author: Dirina Mançellari, Senior Economist