Thai Oct factory output rises 2.91% y/y, better than forecast as Covid-19 cases in country goes below 5,000 on Tuesday (Nov 30)


Image from The Nation Thailand/ANN

BANGKOK, Nov 30 (Reuters): Thailand's manufacturing production index (MPI) in October rose 2.91% from a year earlier, the industry ministry said on Tuesday, following an easing of coronavirus restrictions.

The reading compared with a forecast for a 1.6% rise in output in a Reuters poll and September's revised 0.3% increase. The ministry forecast the MPI index would increase 5.2% in 2021 and rise 4%-5% in 2022 after contracting 9.3% last year.

Thailand also recorded a current account deficit of $1.1 billion in October after a deficit of $1.3 billion the previous month, the central bank said on Tuesday (Nov 30).

Exports, a key driver of growth, rose 17.0% in October from a year earlier, with imports up 20.1% year-on-year and a trade surplus of $3.8 billion.

Ministry of Public Health reported on Tuesday that in the past 24 hours there are 4,306 new patients who tested positive for Covid-19, 123 of whom have been found in prisons, reports The Nation Thailand/ANN.

Death toll increased by 37, while 6,407 patients were cured and allowed to leave hospitals.

The country’s total caseload from Covid-19 stands at 2,115,872 – 2,019,428 of whom have recovered, 75,673 are still in hospitals and 20,771 have died.

Separately, another 110,870 people were given their first Covid-19 shot in the last 24 hours, 157,133 their second shot and 29,970 a booster, bringing the total number of Covid-19 vaccine doses administered nationwide to 92,658,390.

According to Worldometer, confirmed cases globally had risen to 262.43 million on Tuesday, 236.99 million of whom have recovered, 20.22 million are active cases (84,369 in severe condition) and 5.22 million have died (up by 5,392).

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Thailand , Covid-19 , Cases , Decreasing , Factory Output , Higher

   

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