Thailand’s 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.
Office of Industrial Economics Director-General Thongchai Chawalitpichaet said 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.
He said while a third wave of Covid-19 infections has slowed economic activity, the manufacturing sector has not been affected. Production is going as usual and the global economy is also improving with exports sharply rising.
Mr Thongchai said the MPI in April should show further growth from a low base last year, adding that the Ministry of Industry still expects the MPI to rise by 2% to 3% this year after slumping 9.3% last year.
