Thailand: Manufacturing production drops again in April
May 31, 2017
In April, manufacturing production decreased 1.7% from the same month last year, which was below the flat reading in March. April’s figure also differed from the 0.6% decline that analysts had expected. The decline in output was visible across the board, with manufacturing of motor vehicles, chemicals and furniture showing particularly pronounced contractions.
On a monthly basis, manufacturing output decreased a seasonally-adjusted 0.8% in April, contrasting the 1.2% increase in March. The trend is now clearly pointing downward: annual average growth in manufacturing production was 1.2% in April, down from March’s 1.7%.