Thailand: Manufacturing production rebounds in March; grows in annual terms for first time in 23 months
Manufacturing output increased 0.9% month-on-month in seasonally-adjusted terms in March, rebounding from February’s 0.2% drop.
On an annual basis, manufacturing production rose 4.1% in March (February: -1.3% yoy), which marked the first year-on-year expansion since April 2019 and the best result since October 2018. Moreover, the trend improved, with the annual average variation of manufacturing production coming in at minus 7.5% in March, up from February’s minus 8.8% reading.