MPI Growth Slowed On Easing E&E Manufacturing

Economic Research	01 June 2016
Thailand
Economic Highlights
MPI Growth Slowed  On Easing E&E Manufacturing Thailand’s manufacturing production index (MPI) climbed 1.5% y-o-y in April, easing from a 2.2% expansion a month earlier. The slowdown in growth was precipitated by moderating gains in the electronics & electricals (E&E), chemicals and food & beverage sectors. Meanwhile, vehicle & parts producers outperformed again, while refined petroleum products output rebounded into positive growth, cushioning some of the downside. Due to the fewer number of working days in April, capacity utilisation rate for Thai factories fell back to 58.4%, from 72.5% the month before. Economist:  Ng Kee Chou  | +603 9280 2179
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