Thai Factory Output Rises
Thai Factory Output Rises

Thai Factory Output Rises

Thai Factory Output Rises

Thailand’s annual industrial output rose for a second straight month in December, helped by higher production of rubber, cars and car engines and petroleum, but missed expectations, Reuters reported. The manufacturing production index in December rose 2.35% from a year earlier after a revised 4.14% increase in November, the industry ministry said on Wednesday. The median forecast in a Reuters poll was for a 3.50% rise. The index was up 1.58% in 2017, and the ministry has forecast the index to rise 2% this year. Capacity utilization at factories dropped to 59.53% in December from November’s revised 63.18%. Industrial goods account for 80% of total exports, which in turn make up about two-thirds of the second-largest economy in Southeast Asia. The finance ministry expects the economy to grow 4.2% this year after a 4% growth estimated for 2017. Official 2017 GDP data is due on February 19. Meanwhile, Thailand’s exports, which shrank for three years before a solid rebound in 2017, are likely to rise 5.5% this year.


Short URL : https://goo.gl/wnUQDr
  1. https://goo.gl/zSehns
  • https://goo.gl/hf2FRE
  • https://goo.gl/D97b4G
  • https://goo.gl/N8WCXU
  • https://goo.gl/u5WWAi

You can also read ...

Handout picture shows IMF Managing Director Christine Lagarde on a screen as she speaks  during the G20 meeting taking place in Buenos Aires, on July 21.
The International Monetary Fund warned world economic leaders...
Dubai’s new business licenses in the second quarter of 2018 were down 26% from the same period in 2016.
In Dubai’s posh Jumeirah Beach residence district, luxury...
French Foreign Minister Jean-Yves Le Drian addresses CEDRE Conference in Paris on April 6, with Lebanese Prime Minister Saad Hariri on his right.
With the FIFA World Cup over and French victory secured,...
IFC to Inject $2 Billion in Egypt’s Private Sector
International Finance Corporation, a member of the World Bank...
Germany Lifts Turkey Sanctions
Germany has lifted economic sanctions on Turkey and relaxed...
Australia  Faces Massive Economic Crash
Australia is facing an economic shock akin the global...
Algeria Trade Deficit Sharply Down
Algeria’s trade deficit declined by 83.6% to $490 million...
Saudi Arabia FDI Plummets
Saudi Arabia is ramping up efforts to lure international...

Add new comment

Read our comment policy before posting your viewpoints