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Friday, May 3, 2024

Production index dips 4.3% in October

The state planning unit cut its outlook for Thai GDP growth this year to 2.5% after third-quarter GDP growth of only 1.5%.

Thailand’s Manufacturing Production Index (MPI) decreased by 4.29% year-on-year in October to 89.4 points as people become more careful spending amid sluggish Thai and global economies.

The Thai economy has not fully recovered and interest rates remain high, said Siripen Kiatfuengfoo, deputy director-general of the Office of Industrial Economics…

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