Thailand's industrial output declined in May due to decreased automotive and electronic manufacturing, causing MPI to fall 1.54%.
Thailand's industrial output declined in May due to decreased automotive and electronic manufacturing, causing the manufacturing production index (MPI) to fall 1.54% from the previous year. This marks the 10th consecutive month of reduced auto production, as consumer purchasing power decreased due to financial costs, debt burdens, and high energy prices. Despite this, higher exports, tourism recovery, and increased government spending provided support.
June 28, 2024
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