Dip in manufacturing continues in August

Year-on-year drop of 7.5% to 91.8 points

Thailand’s Manufacturing Production Index (MPI) continued to decrease in August, with a year-on-year drop of 7.5% to 91.8 points due mainly to the global economic slowdown that affected exports, says the Office of Industrial Economics (OIE).

In July, the MPI declined by 4.43% year-on-year to 91.1 points.

During the first eight months of this year the index dipped by 4.9% year-on-year to 94.6.

“The continual decrease in MPI reflects the weak economy and unfavourable business sentiment,” said Warawan Chitaroon, director-general of the OIE.

Capacity utilisation in August stood at just 58.1%. From January to August,…