Sugar manufacturing expanded by 19.1% year-on-year in April, driven by demand in the domestic and overseas markets.
Thailand’s Manufacturing Production Index (MPI) is expected to be tepid this year, with growth of 0-1% because of a combination of business obstacles domestically and overseas, as the April reading was the lowest in 34 months.
The April MPI plunged 8.14% year-on-year to 83.5 points, the seventh consecutive decline since October last year, said the Office of Industrial Economics (OIE).
OIE director-general Warawan Chitaroon attributed the decrease to an export slowdown as purchase orders wane, as well as the Songkran holidays when factories closed to…
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