Thailand: Manufacturing production declines in October
Latest reading: Manufacturing production fell 0.9% year on year in October (September: -3.2% yoy). Looking at the details of the release, food products output accelerated and chemical products activity rebounded. That said, car production continued to decline by over 20%.
On a monthly basis, manufacturing production rose 0.9% in seasonally adjusted terms in October, rebounding from September’s 1.2% fall. Meanwhile, the trend improved modestly, with the annual average variation of manufacturing production coming in at minus 1.9%, slightly up from September’s minus 2.0%.