Thailand’s Manufacturing Production Index in March Rises for First Time in 23 Months

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By Paphamon Arayasukawat

   

Thailand’s manufacturing production index (MPI) in March rose for the first time in 23 month, due to improved global demand and a low base effect, and is likely to increase again in April.

 

Office of Industrial Economics Director-General Thongchai Chawalitpichaet said the MPI’s rise of 4.12% from a year earlier was also its fastest pace in 29 months, although slightly below a forecast for a 4.4% increase in a Reuters poll.

 

He said while a third wave of Covid-19 infections has slowed economic activity, the manufacturing sector has not been affected. Production is going as usual and the global economy is also improving with exports sharply rising.

 

Mr Thongchai said the MPI in April should show further growth from a low base last year, adding that the Ministry of Industry still expects the MPI to rise by 2% to 3% this year after slumping 9.3% last year.

 

-- © Copyright NNT 2021-04-29

 

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[dcsw53]

Manufacturing 11% of GDP, tourism 18%. A small increase in manufacturing is dwarfed by the loss of jobs in the service sector.
Tiny ray of sunshine obscured by the clouds, the country is still in it deep no matter what the spin.

[tingtong]

When the base period number falls sufficiently low, it isnt difficult.

"Even the  dead cat can bounce"