Thailand: Manufacturing production expands at fastest pace since July 2020 in September
October 28, 2021
Manufacturing output increased 6.6% in month-on-month seasonally-adjusted terms in September, which contrasted August's 4.4% decrease. September's print marked the best result since July 2020.
On an annual basis, manufacturing production fell at a more moderate rate of 1.3% in September (August: -4.7% yoy). Moreover, the trend improved slightly, with the annual average growth of manufacturing production coming in at 4.1% in September, up from August's 4.0% reading.
Author: Stephen Vogado, Economist