Wednesday, July 28, 2021

Thailand’s Manufacturing Production Index Rises for Third Straight…

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BANGKOK (NNT) – Thailand’s Industry Ministry reported on Monday that Thailand’s manufacturing production index (MPI) in May rose for a third straight month, climbing 25.84% from a year earlier, lifted by higher production of automobiles, air conditioners and electronics.
This compares with a forecast rise of 19.55% in a Reuters poll and April’s revised 17.97% increase.

Meanwhile, the Bank of Thailand (BoT) expects Thailand’s economy to return to pre-pandemic levels in the first quarter of 2023, as tourism has been slow to recover.

BoT deputy governor Mathee Supapongse told a seminar on tourism that the central bank will closely monitor the situation and is ready to implement measures as necessary.

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