Thailand's September factory output falls 2.75 per cent

BANGKOK (Xinhua): Thailand's Ministry of Industry on Wednesday (Oct 28) released a report indicating that the country's manufacturing production index (MPI) dropped a smaller-than-expected 2.75 per cent in September from a year earlier, due mainly to lower production of cars, petroleum and sugar amid the Covid-19 pandemic.

Capacity utilisation in September was at 63.07 per cent after August's revised 60.86 per cent, according to the ministry.

The ministry had earlier forecast that the MPI index will fall by eight to nine per cent this year.

Industrial goods account for 80 per cent of total exports, a key driver of Thai growth, according to the ministry's report for September.

Industry Minister Suriya Jungrungreangkit said in Wednesday's press briefing that he believes the worst of the pandemic gloom seems to be over for the Thai manufacturing sector.

The industrial sector has rebounded, with a month-on-month growth in the MPI since June this year, the minister said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Thailand , factory output , September


Next In Aseanplus News

GE15: BN candidate Johari retains Tioman state seat
South Korea may lift indoor mask mandate in January
Bomb dropped on Myanmar monastery using drone
World Bank says Cambodia's economy recovering well in post-pandemic era
59 couples exchange marital vows in Philippine mass wedding
New global platform to enhance transparency of carbon markets rolled out in S’pore
Cambodian justice ministry responds to social media outrage in drunken driver case
Vietnam shifts gears on arms trade as it loosens ties with Russia
‘Laos will not slide into default’, PM assures National Assembly
Thai cement producers urged to eye Philippines as tax on imports end

Others Also Read