Thailand: Manufacturing production grows at multi-year high in November
December 30, 2016
In November, manufacturing production in Thailand increased 3.8% from the same month of the previous year, which was a strong acceleration from the flat reading seen in October and the best result in over three years. Several categories recorded robust expansions, with rubber and rubber-related products and metal manufacturing contributing particularly well to the overall result.
On a monthly basis, manufacturing output increased a seasonally-adjusted 2.1% in November, which was up from the timid 0.2% expansion observed in October. Finally, annual average growth in manufacturing production was 0.5% in November, exceeding October’s 0.2% rise.