Tuesday, September 5, 2017

FW: RHB | Thailand | July MPI Rebounded On Automotive, F&B Gains

 

 

Economic Research

5 September 2017

Thailand

 

Economic Update

 

 

 

July MPI Rebounded On Automotive, F&B Gains

 

Thailand’s MPI rebounded to grow by 3.7% YoY in July, as key sectors such as automotive, F&B and rubber & plastics production all grew at close to 10% YoY. However, E&E production slowed, capping some of the gains.

Further out, we expect automotive output to ease in coming months on slowing cyclical demand. Meanwhile, newly-introduced immigration restrictions are likely to exacerbate ongoing labour shortages in the fisheries cluster.

 

Economist:  Ng Kee Chou  | +603 9280 2179

 

 

To access our recent reports please click on the links below:

 

22 August: Softer E&E Shipments Weigh On July Exports

22 August: Private Investment Returns, GDP Fastest In Four Years

17 August: Interest Rate Unchanged Despite Strong THB

10 August: Examining Thailand’s Changing Consumption Patterns

2 August: Energy The Key Driver Again As July CPI Ticks Up

2 August : June MPI Contracts Despite Strong Exports

 

Economic Team

 

 

 

 

Peck Boon Soon

Chief ASEAN Economics

bspeck@rhbgroup.com

+603 9280 2163

Vincent Loo

Malaysia, Vietnam

vincent.loo@rhbgroup.com

+603 9280 2172

Ng Kee Chou

Singapore, Thailand

ng.kee.chou@rhbgroup.com

+603 9280 2179

Rizki Fajar

Indonesia, Philippines

rizki.fajar@rhbgroup.com

+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam

mohd.aris.nazman@rhbgroup.com

+603 9280 2184

 

 

 

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