Thai Manufacturing Slips In 3Q; Set To Pick Up In 4Q

Economic Research	01 November 2016
Thailand
Economic Highlights
Thai Manufacturing Slips In 3Q; Set To Pick Up In 4Q Thailand’s manufacturing production index (MPI) grew 0.6% y-o-y in September, slowing from a 3.2% increase the month before. Over the previous three months, MPI slipped 0.4% y-o-y, recoiling from a 1.7% gain in 2Q. As a result, we expect real GDP to grow 3.2% in 3Q, from +3.5% in 2Q. Going forward, we maintain our projection of MPI to grow mildly by 0.7% for the year, slowing slightly from 0.9% last year. Economist:  Ng Kee Chou  | +603 9280 2179
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