PUBLISHED : 28 Dec 2023 at 12:47
The manufacturing production index for November was down 4.71% from a year earlier, the Industry Ministry said on Thursday.
The figure compared with a forecast for a 4.0% year-on-year fall for November in a Reuters poll, and followed October’s 4.31% revised decline.
The MPI dropped 5.01% in the January to November period. The contraction was driven by slow economic growth due to high household debt and high interest rates, which have held back consumption and investment, according to Warawan Chitaroon said, head of the Office of Industrial Economics.
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