Thailand: Manufacturing production contracts in February
March 30, 2017
In February, manufacturing production decreased 1.5% from the same month last year, which contrasted the 2.2% rise in January and marked the worst result in seven months. February’s figure also differed from the 0.6% expansion that analysts had expected. Manufacturing of motor vehicles, rubber and plastic products and furniture fell sharply and dragged on the result.
On a monthly basis, manufacturing output decreased a seasonally-adjusted 0.2% in February, improving from the 1.2% drop in January. Annual average growth in manufacturing production was 2.0% in February, mirroring January’s number.