Thailand: Manufacturing output drops for ninth consecutive month in January
February 27, 2020
Manufacturing output dropped 4.6% year-on-year in January, down from the 4.4% contraction in the prior month and marking the ninth consecutive month of falling production. January’s figure was underpinned by steep drops in the production of cars; food; rubber and plastic products; apparel; electronic components and boards; and petroleum refining products. Annual average production, meanwhile, contracted 4.0% in January, down from December’s 3.6% fall.
More positively, manufacturing production rose 4.4% month-on-month in January, up from the 2.6% expansion recorded in December.
Author: Jan Lammersen, Economist