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Manufacturing output contracts 5% in July


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Manufacturing output contracts 5% in July

 

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BANGKOK: -- Manufacturing output of major industries fell again last month with index contracting 5%.

 

Wirasak Suprasert, the deputy director of the Office of Industrial Economics, revealed that the Manufacturing Production Index or MPI for July contracted by 5.1%.

 

The main industries that experienced contraction were automotive and engine production, clothing, plastics and several others excluding automotive tire production.

 

He said the MPI fell from 108.91 in July last year to 103.36 in July this year.

 

Main reasons attributed to the fall included long holidays announced by the government last month, coupled with car companies launching new car models and marketing encouraging sales last year.

 

Meanwhile car exports to the Middle East market also declined following the low oil price trend, resulting in drop of  car production by 8.41% in July this year.

 

But he forecast the index could improve during the remaining five months of the year with expected MPI for the whole year to rise 1-2%.

 

He said however there is some good news in that some industries defied expectations and enjoyed growth such as processed food and processed agricultural goods.

 

These include frozen chicken meat and processed fruits which not only expanded production-wise but also experienced significant appreciation in prices which is attributed to the ever improving drought situation in the country.

 

Source: http://englishnews.thaipbs.or.th/manufacturing-output-contracts-5-july/

 
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-- © Copyright Thai PBS 2016-08-31
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A few observations...

 

1. The contraction is apparently always due to foreigners mismanaging the global economy, not the current regime mismanaging the Thai economy.

 

2. There's always some nimno ready to trot themselves out to say 'things *could* get better in... <enter your own timescale>, usually for a few meagre seconds of microphone time,

 

3. The regime is usually silent, or they get their paid liars to trot out some explanation of how it's actually good news, that the Thai economy is doing fabulously well, and good times are just around the corner.

 

It's all a bit predictable really... and sad.

 

Winnie

Edited by Winniedapu
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1 hour ago, petermik said:

Simply because the Thai baht is overvalued.............there is an easy solution :whistling:

 

It could also be because of low quality in the manufacturing processes. Rubber and dead prawn spring to mind.

 

" Major tyremakers have threatened to stop buying rubber from Thai farmers because of low quality, senior industry officials say."

 

 

 

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11 minutes ago, ExpatOilWorker said:

 

It could also be because of low quality in the manufacturing processes. Rubber and dead prawn spring to mind.

 

" Major tyremakers have threatened to stop buying rubber from Thai farmers because of low quality, senior industry officials say."

 

 

 

Keep that to yourself.............my TGF family are all rubber farmers  :cheesy: 

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16 minutes ago, petermik said:

Keep that to yourself.............my TGF family are all rubber farmers  :cheesy: 

 

 

Have you already ordered this years batch of sulfuric acid?

 

Note the word "logical"

 

The data indicate that the use of sulfuric acid in normal amounts as a coagulant has no deleterious effect on the properties of the raw rubber or on vulcanizates made from the raw rubber. When four times the normal dosage of sulfuric acid was employed, there was a slight softening of the raw rubber, but all samples examined had properties within the normal range of plasticity associated with natural rubber. The tendency to scorch and the rate of vulcanization of rubbers do not appear to be affected appreciably by the method of coagulation: any differences which may exist are not of such a magnitude as to cause the production of abnormal rubbers. It would seem that the use of excessive quantities of sulfuric acid during the coagulation of latex may cause some deterioration to the rubber. The sole advantage in using excess would appear to be a reduction of the time needed to complete coagulation. It should be noted, however, that the main reason for the use of sulfuric acid is economic, and it does not seem logical that the producer would use more than is necessary and thereby increase his coagulation costs. If the producer were to use four times the normal dosage of sulfuric acid, the material costs would be about twice those for the normal quantity of formic acid.

alias_1990_effect_ph_coagulation (1).pdf

Edited by ExpatOilWorker
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4 hours ago, ExpatOilWorker said:

 

It could also be because of low quality in the manufacturing processes. Rubber and dead prawn spring to mind.

 

" Major tyremakers have threatened to stop buying rubber from Thai farmers because of low quality, senior industry officials say."

 

 

 

im not the least bit surprised, they wouldnt know "quality ! if  it smacked them in the face.

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