Connect with us

Economics

Thai Production Index falls 9.6% in June

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).

Aishwarya Gupta

Published

on

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.

 

Manufacturing Production Index contracts 9.6% in June.

Comments

Economics

Thai economy to grow 4% in 2021 following 6.5% decline in 2020

The World Bank is now expecting the Thai economy to see 4% growth this year, and a 4.7% growth in 2022, despite current challenges from the new wave of COVID-19 infections.

Olivier Languepin

Published

on

Crowded downtown area in Bangkok

The World Bank now expects that the Thai economy to expand by 4 per cent in 2021, according to the latest World Bank Thailand Economic Monitor report “Restoring Incomes, Recovering Jobs” released on Wednesday (Jan 20).

(more…)
Continue Reading

Banking

BoT sees mild impact of new COVID-19 wave on the economy

The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – Despite a new and wider wave of COVID-19 infections in the country, the Bank of Thailand (BoT) has assessed that the economic impact of the situation will not be as severe as the first wave as the effects of the virus are not as pronounced, and public health preparations, including plans for vaccination, are in place.

(more…)
Continue Reading

Economics

COVID-19 brings first consumer confidence drop in 3 months

Consumer confidence in December 2020 was measured at 50.1 points, down from 52.4 the previous month. Economic confidence was also down to 43.5 from 45.6 points.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – Concerns linked to the new wave of COVID-19 infections has weighed on both daily life and business, resulting in the first drop in the Consumer Confidence Index in 3 months.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending