FW: RHB | Thailand | MPI Declines In October On Broad Weakness

 

 

Economic Research			4 December 2017
Thailand
Economic Update
MPI Declines In October On Broad Weakness   Thailand’s MPI retreated 0.1% YoY in October. The E&E, vehicles & parts, and F&B industries all suffered contractions in output. By contrast, the production of rubber & plastic products accelerated, cushioning some of the fall. The sudden and broad-based nature of the negative swing suggests that the decline could be attributed to shorter working hours. This is as factory workers participated in the funeral procession for the late King Bhumibol Adulyadej. Going forward, the Manufacturing Production Index (MPI) is projected to grow by 2.9% in 2018, underpinned by rising demand for capital goods. In light of the stronger-than-expected outturn so far, we raise our forecast for the MPI to 1.1% this year from +0.8% earlier.   Economist:  Ng Kee Chou  | +603 9280 2179
To access our recent reports please click on the links below:   23 November: Exports Maintain Momentum On Broad-Based Gains 21 November: GDP Tops 4% As Exports Surge 9 November: BoT Keeps Policy Rate At 1.5% As Economy Improved 2 November: CPI To Pick Up Following Stronger Economic Growth 1 November: Foreign Operations Offset Domestic Easing
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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