Monday, November 30, 2015

RHB | Thailand | Persistent Weakness In E&E Output Drags On Manufacturing Production

Economic Research
       30 Nov 2015
Thailand

Economic Highlights



Manufacturing production in Thailand slumped 4.2% y-o-y on a seasonally adjusted basis in October, from a revised fall of 0.4% in the month before. The acceleration in decline was driven by a substantial decrease in electronics & electricals (E&E) output and made worse by a slowdown in refined petroleum production growth. However, a pickup in factory activities in automobile and furniture clusters helped cushion some of the downside.


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