Thailand: Manufacturing production picks up in January
February 28, 2017
In January, manufacturing production increased 1.3% from the same month last year, which was an acceleration from the flat reading in December 2016. Despite the acceleration, January’s figure undershot the 3.5% expansion that analysts had expected. The production of radio, television and communication items grew close to 30% in January, lifting the overall result.
On a monthly basis, manufacturing output decreased a seasonally-adjusted 1.5% in January, contrasting the 0.4% expansion in December. Annual average growth in manufacturing production was 1.8% in January, above December’s 1.4% and the best result in over three years.