The manufacturing production index in March rose 4.12% year-on-year and the Industry Ministry expects it to continue to increase this year. (Photo: Reuters)
The manufacturing production index (MPI) in March rose for the first time in 23 month, due to improved global demand and a low base effect, and is likely to increase again in April, the Industry Ministry said on Wednesday.
The MPI’s rise of 4.12% from a year earlier was also its fastest pace in 29 months, although slightly below a forecast for a 4.4% increase in a Reuters poll.
While a third wave of Covid-19 infections has slowed economic activity, the manufacturing sector has not been affected, Office of Industrial Economics director-general Thongchai Chawalitpichaet told a briefing.
“Production is going as usual. The global economy is also improving…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
