Thailand: Manufacturing output plummets in September
October 31, 2014
In September, manufacturing production fell 3.9% over the same month last year, which was down from the 2.6% decrease recorded in August and marked the steepest fall since April 2013. In addition, September’s reading marked the 18th consecutive drop in manufacturing output. The decline was mainly driven by falling output in the manufacturing of electronics as well as in the manufacturing of coke, refined petroleum products and nuclear fuel.
On a monthly basis, manufacturing output fell 4.5% in seasonally-adjusted terms, which contrasted the 4.3% increase recorded in August. In addition, annual average growth in industrial production inched down from minus 5.6% in August to minus 5.7% in September.
Author: Dirina Mançellari, Senior Economist