Thailand: Manufacturing production plunges in July
August 31, 2016
In July, manufacturing production decreased 5.1% over the same month last year, which was a sharp fall from the 1.4% increase seen in June and marked the lowest reading in over one-and-a-half years. The manufacturing of tobacco products and garments recorded the steepest drops, though the majority of the sub-sectors saw a decline in output in July.
On a monthly basis, manufacturing output decreased a seasonally-adjusted 3.8% in July, which was a deterioration from the 0.9% decline recorded in June and the weakest figure since the beginning of the year. Moreover, annual average growth in manufacturing production contracted 0.2% in July, which contrasted the 0.5% expansion seen in June.