Thailand's industrial output increased 3.43% YoY in April, driven by higher exports and tourism.
Thailand's industrial output increased for the first time in 19 months in April, rising by 3.43% year-over-year. The growth is driven by higher exports, tourism expansion, and a low comparative base from the previous year. The factory output for the January-April period declined 2.06%, but the ministry expects growth between 0% to 1% for the full year, thanks to the recovery of global trade, easing inflation, and booming tourism and domestic consumption.
May 30, 2024
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