Thailand’s  Manufacturing Production Index (MPI) in June stood at 182.39, recording a contraction of 9.6 per cent year-on-year after showing growth in May, according to the Office of the Industrial Economics (OIE).

Speeding production in hard disk drive and electric circuit industries accounted for 15 per cent of MPI growth.

OIE Director Sophon Pholprasit said that the Manufacturing Production Index (MPI) in the second quarter of this year contracted 1.6 per cent, compared to the same period last year.

The capacity utilisation rate stood at 69.2 per cent, resulting from continuing recovery in the industrial sector after last year’s devastating flood.

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Manufacturing Production Index contracts 9.6% in June.

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