Thailand: Manufacturing production records largest monthly drop in six months in November
December 28, 2020
Manufacturing output declined 1.0% in month-on-month seasonally-adjusted terms in November, which contrasted October's 3.1% increase. The outturn marked the first decline in output since May.
On an annual basis, manufacturing production rose 0.4% in November (October: -0.4% yoy), marking a return to growth for the first time in 18 months. As such, the trend improved sizably, with the annual average variation of manufacturing production coming in at minus 8.9%, up from October's minus 9.6%.
Author: Stephen Vogado, Economist