Thailand: Manufacturing output improves in October
November 28, 2014
In October, manufacturing production fell 2.9% over the same month last year, which was an improvement over the 3.9% contraction observed in September. In addition, October’s reading marked the 19th consecutive monthly drop in manufacturing output. The improvement was mainly driven by increasing output in the manufacturing of electronics as well as in the manufacturing of chemicals and chemical products.
On a monthly basis, manufacturing output rose 2.0% in seasonally-adjusted terms, which contrasted the 4.7% contraction observed in September. In addition, annual average growth in industrial production inched up from minus 5.7% in September to minus 5.6% in October, thus reaching the highest level in five months.
Author: Dirina Mançellari, Senior Economist