Manufacturing declines slightly but overall economy has improved
Thailand’s manufacturing production index (MPI) continued to drop in February, falling 1.08 per cent to 99.68 points versus a year earlier due to lower oil production, the Office of Industrial Economics reported Wednesday.
The industrial output figure of February was lower than Reuters’ forecast of a 0.1 per cent rise. In January and December, the MPI fell 2.8 and 2.44 per cent year-on-year, respectively.
“Due to the recent Covid-19 infections in February, the government imposed containment measures in some areas, affecting economic activity and domestic demand was stagnated,” said OIE chief Thongchai Chawalitpichaet.
